QBE NAU Introduces Our New And Exclusive Forward Contract Insurance Protection (FCIP) Plan
Ensuring Your Opportunity For Profit Is Better Than Insuring For A Loss!
QBE NAU presents the opportunity to protect your crop from the start! With our new and exclusive supplemental plan, Forward Contract Insurance Protection (FCIP), you’ll be able to take advantage of the market conditions as they happen. FCIP will ensure you the opportunity to market for success.
Forward Contract Insurance Protection (FCIP)
FCIP will provide an indemnity to you in the event you’re not able to deliver contracted bushels insured under an MPCI crop insurance policy. FCIP fills a void, offering protection for you, if you have signed forward contracts, but are then exposed to penalties for non-delivery on those contracts.
FCIP allows you the opportunity to price your commodity when you can turn a profit. You will be able to lock into daily prices versus waiting for an average monthly price. You will feel confident in knowing you have the needed protection in case you’re not able to deliver your commodity due to an insured cause of loss! Proactively ensure your opportunity by making a decision immediately on pricing versus insuring against the possibility of a loss.
FCIP coverage can only be purchased for corn or soybeans covered by a Yield or Revenue Protection policy. Crops must be grown for grain. The available FCIP coverage levels are 50%, 55%, 60%, 65% and 70%. Refer to the policy provisions for other restrictions.
Eligible States include:
- South Dakota
Put your mind at ease today with the thoughts of early season cash sales. A combination of RP and FCIP will ensure you the opportunity to capture the best return over production costs with a provided risk comfort. For further information about this new exclusive plan contact your Marketing Representative today!