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PRF Insurance Dictionary
PRF insurance can be confusing, right? Find the definitions of all of its technical terms right here!
McKay Erickson
August 30, 2023
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Risk Management
What Land Can I Insure With PRF?
With PRF you can insure any land that you use for haying or grazing, including government leases.
Brad Beck
August 28, 2023
Risk Management
When Does PRF Coverage Start?
PRF coverage begins on January 1, 2024. The sign-up deadline is December 1, 2023.
McKay Erickson
August 28, 2023
Risk Management
When Do I Collect Indemnities From My PRF Policy?
You can collect indemnities from your PRF policy when you receive less-than-average rainfall in an insured interval.
Brad Beck
August 30, 2023
Risk Management
What are Coverage Levels?
Your coverage level refers to the percentage of your local average precipitation that your PRF policy insures.
McKay Erickson
August 30, 2023
Risk Management
What is a Government Subsidy?
A government subsidy makes the Federal Government responsible for funding a program in lieu of individuals or firms.
Brad Beck
August 30, 2023
Risk Management
Non-irrigated hay vs. Irrigated Hay: What’s the Difference?
The difference between irrigated and non-irrigated hay is that each has a different county base value for PRF coverage.
McKay Erickson
August 30, 2023
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