RMA’s Hurricane Insurance Protection-Wind Index (HIP-WI) Endorsement and Tropical Storm (TS) Option are available for the Containerized Oyster Insurance Policy

Hurricane season starts June 1^st.  Farmers growing containerized oysters should consider acquiring the USDA Risk Management Agency (RMA) Shellfish Policy and then the HIP-WI Endorsement that provides coverage for a portion of the deductible, up to 95% of the expected crop value, of the underlying crop insurance policy when the county, or a county adjacent to it, is within the area of sustained hurricane-force winds from a named hurricane as published by the National Hurricane Center (NHC) at the National Oceanic and Atmospheric Administration (NOAA).

The TS Option can be added to the HIP-WI Endorsement and provides coverage for the same portion of the deductible of the underlying policy that is not otherwise covered, when the county, or a county adjacent to it, is subject to sustained tropical storm force winds and receives a minimum of 6.0 inches of average gridded precipitation according to NOAA and determined by RMA.

Watch a six-minute video to learn more by clicking here, checking out helpful frequently asked questions and answers by clicking here, or contact your crop insurance agent. If you do not have a crop insurance agent, a list of crop insurance agents is available on the RMA website by using the RMA Agent Locator.