Coverage

• The Hay Disaster Benefit pays an additional amount per tonne of production shortfall under Select Hay Insurance or Basic Hay Insurance.
• The Hay Disaster Benefit Dollar Value for is $ per tonne.
• The payment to a producer is triggered when:
• 1. There is a significant provincial hay yield loss (more than 20 per cent of the producers insured by AgriInsurance have less than 50 per cent of their long-term probable yield), and
  2. The producer has a claim under Select Hay Insurance or Basic Hay Insurance.
• The provincial trigger is based on data collected from all Harvested Production Reports province-wide, including an adjustment for quality loss.
• March 31 is the last day to apply for Select Hay Insurance and Basic Hay Insurance, make changes (add or delete hay types and change coverage levels), or to cancel AgriInsurance.

Claims

• When triggered, producers receive an automatic payment based on their Select Hay Insurance or Basic Hay Insurance claim.

• Claim Example

  A producer has claimed a production shortfall of 111.25 tonnes on their Basic Hay Insurance and the Hay Disaster Benefit has been triggered by a significant provincial hay yield loss.

  Hay Disaster Benefit	= Claim Production Shortfall x Hay Disaster Benefit Dollar Value   = 111.25 tonnes (shortfall) x $ per tonne   = $