welcome to the XXXX redd summit family!
By signing up for Pasture, Rangeland, and Forage (PRF) insurance through Redd Summit Advisors, you’ve taken a crucial step in mitigating risk on your operation and sustaining your ranch’s profitability through rainfall volatility. Watch the video below for an introduction from our CEO and founder Steve Redd.
What Can I Expect With My PRF Coverage?
Because of your PRF insurance policy through Redd Summit, you’ll receive:
Monthly statements that detail how your policy is performing for your operation throughout the year.
Access to an improved customer portal that will soon enable you to see a live look at your policy’s performance at any point in the year, rain data comparisons in your area, and provide on-demand access to your interval statements and grid allocations.
Exclusive access to our in-house Risk Management Advisor, PRF experts, long-range weather forecasts, and industry-relevant webinars.
If your area received less rainfall than the 70-year average, you are issued an indemnity payment about 60-90 days after the end of that interval.
Your indemnity will first go toward your premium.
Once your balance is satisfied, any remaining indemnity will go straight to you to use however you choose.
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HOW DOES MY PRF COVERAGE WORK?
Your policy was built by our team of ranchers, insurance experts, and GIS specialists. Using actual rainfall data on your land, and our specialty software, your coverage is strategically allocated to maximize your operation’s potential benefit. Below is a basic rundown of how your policy will work for you throughout the year but visit our PRF page for a more in-depth overview.
Your coverage is allocated in two-month intervals (i.e. Jan.-Feb., Feb.-Mar., Mar.-Apr., etc.).
A few days after the end of each interval you’ll receive an interval statement.
Your interval statement will show you if that interval received more or less rainfall than your area’s 70-year average.
If your area received less rainfall than the 70-year average, you are issued an indemnity payment about 60-90 days after the end of that interval.
Your indemnity will first go toward your premium.
Once your balance is satisfied, any remaining indemnity will go straight to you to use however you choose.
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