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Insurance Definition: CROP-HAIL INSURANCE

By Compuquotes Team on March 27th, 2008

CROP-HAIL INSURANCE:

Definition:

  • Protection against damage to growing crops from hail, fire, or lightning provided by the private market. By contrast, multiple peril crop insurance covers a wider range of yield-reducing conditions, such as drought and insect infestation, and is subsidized by the federal government.

Information provided by Insurance Information Institute

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