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APA Insurance

Crop Cover

Crop cover

What is this?

It pays out when a season's crop is lost to drought, pests, hail, flood or fire. Some versions pay on an expert's assessment, others on measured rainfall.

The details that matter for this kind of plan

What it coversDrought, pests and disease, hail, flood, fire, lightning, frost and windstorm, on any crop and any farm size
Kinds of coverSix: multi-peril, named-peril, greenhouse, forest, area yield index and weather index
What it costsnot disclosed
How a claim is setA qualified expert inspects and quantifies the loss. Index covers pay on measured weather instead

What does it cost you?

APA Insurance does not publish what it charges. We looked for one charge and found no figure for any of them:

  • · No rate appears for any cover. Greenhouse claims are paid "less deductibles" that are never quantified.

What if you stop paying?

The cover runs for the season you paid for and then ends.

What if you need the money early?

There is nothing to take out. This is cover, not savings.

Who this suits

It could work for you if

A failed season would sink you, and you want the market leader's range of covers.

Think twice if

You want a price before you talk to anyone. None of the six covers has one published.

How openly does this company explain its charges?

EWon't tell you what it costs3 of 8 answered
  • What do they charge you every year?
    This kind of charge does not exist on this product.
  • What is taken off the money you pay in?
    This kind of charge does not exist on this product.
  • What does it cost to get out early?
    There is nothing to cash out, so there is no exit charge.
  • What is the smallest amount you can start with?
    They do not publish a minimum. You have to ask an agent.
  • How long is your money tied up?
    Not applicable to this kind of product.
  • Is the advertised return before or after their charges?
    This kind of product does not advertise a return.
  • Do they warn you the return is not guaranteed?
    This kind of product does not advertise a return.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    No list of exclusions appears in the sources we checked.
  • Are all their charges published?
    No. 1 charge is mentioned without a figure.
  • Do they say who regulates them?
    They do not say who supervises them.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · Six covers are described properly and none of them is priced.
  • · Greenhouse claims are paid "less deductibles". The deductibles are never quantified.
  • · Index covers pay on weather station or satellite readings, not on your actual loss — the reading can miss your farm's reality in both directions.
  • · APA is supervised by the IRA, though this page does not say so.

Talk to them

Where we got this