MASC - Hail Insurance Short Date Cancellation

Purpose

Producers with Hail Insurance may cancel their coverage and receive a refund of a portion or all of their hail premium, as set forth in the Short Date Cancellation Table (on opposite side). This provision allows producers to cancel Hail Insurance for acres that suffer an early season loss due to conditions that makes the crop non-viable, such as frost or excess moisture.

Producers who make an annual Hail Insurance application may cancel their Hail Insurance for any reason, provided no hail losses were paid on these acres and the crop was not harvested or put to an alternate use.

Producers participating in CHIO can only cancel Hail Insurance if the acres are non-viable and have been appraised by MASC and subsequently destroyed.
Crops that are harvested or put to alternate use are not eligible for a short date cancellation.
Acres destroyed as part of a reseed or Stage 1 claim (prior to June 20) are not charged premiums under CHIO unless there was a payable hail claim prior to destruction.

In order to receive a Hail Insurance indemnity, there must be sufficient crop production potential prior to the occurence of the loss.
If a viable crop is not present (total acres or a portion of the field), the insured should contact MASC as soon as possible to initiate the Hail Short Date Cancellation process.

Producers must notify MASC in writing (in person, by fax or by mail) or online at myMASC.
It is important that written notification is provided as early as possible, as the premium earned increases on a daily basis.
- If notification is mailed, the dated post mark will be used as the cancellation date.
- If notification is given in person or by fax, the actual date of receipt will be used.
- If notification is given online at myMASC, the actual date of submission will be used.

Table 1: Strawberries, Fall Rye, Select Hay, Basic Hay, Alfalfa Seed, Perennial Ryegrass, Tall Fescue, Pedigreed Timothy Seed, Winter Wheat, and V.A.L. Crops		Table 2: All Other Crops
Date	Percent of Premium Earned	Date	Percent of Premium Earned
May 30 and Before	Nil	June 29 and Before	Nil
May 31	10 per cent	June 30	10 per cent
June 1	12 per cent	July 1	12 per cent
June 2	14 per cent	July 2	14 per cent
June 3	16 per cent	July 3	16 per cent
June 4	18 per cent	July 4	18 per cent
June 5	20 per cent	July 5	20 per cent
June 6	22 per cent	July 6	22 per cent
June 7	24 per cent	July 7	24 per cent
June 8	26 per cent	July 8	26 per cent
June 9	28 per cent	July 9	28 per cent
June 10	30 per cent	July 10	30 per cent
June 11	33 per cent	July 11	33 per cent
June 12	36 per cent	July 12	36 per cent
June 13	39 per cent	July 13	39 per cent
June 14	42 per cent	July 14	42 per cent
June 15	45 per cent	July 15	45 per cent
June 16	48 per cent	July 16	48 per cent
June 17	51 per cent	July 17	51 per cent
June 18	54 per cent	July 18	54 per cent
June 19	57 per cent	July 19	57 per cent
June 20	60 per cent	July 20	60 per cent
June 21	64 per cent	July 21	64 per cent
June 22	68 per cent	July 22	68 per cent
June 23	72 per cent	July 23	72 per cent
June 24	76 per cent	July 24	76 per cent
June 25	80 per cent	July 25	80 per cent
June 26	84 per cent	July 26	84 per cent
June 27	88 per cent	July 27	88 per cent
June 28	92 per cent	July 28	92 per cent
June 29	96 per cent	July 29	96 per cent
June 30 and After	100 per cent	July 30 and After	100 per cent

A producer insures acres of oats at the $ per acre coverage level. The Hail Insurance premium is $ per acre for a total of $.

In July, excess moisture destroys the entire crop. On July 10, the insured contacts MASC to cancel his Hail Insurance as they want to work the field.

Premium Earned (as of July 10)	= per cent (see Table 2)
Premium Refund	= $ x per cent = $