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Band Revenue Protection (BRP)

The BRP policy allows you to elect either revenue or yield protection bands of coverage at higher coverage levels than offered through the Multi-Peril Crop Insurance program.

Available Options

    1. Lower Coverage Level – lower limit of the band coverage and must be the same as the RP, RP-HPE, or YP elected coverage level. When ECO and/or SCO is also elected on the MPCI policy, the lower coverage level will be the maximum level of the ECO and/or SCO coverage.
    2. Upper Coverage Level – upper limit of the band coverage. The maximum band election allowed will be 10%
    3. Harvest Price Decline – an elected percentage that will set the minimum Harvest Price to be used in determining the Revenue to Count when electing RP coverage. Taking the projected priced times 1 minus this percentage will set the minimum Harvest Price allowed for the policy.
    4. Adjustment Factor – A value less than or equal to 1.0. Selecting a value which is less than 1.0 means that your limit of insurance, premium and loss payment will be reduced by this selected value.

Contact us to learn more about BRP Insurance:

The information contained herein is not an offer to sell insurance.  No binder, insurance policy, change, addition, and/or deletion to insurance coverage will be effective unless and until confirmed directly with a licensed agent.  Please note any proposal of insurance we may present to you will be based upon the values developed and exposures to loss disclosed to us by you.  All coverages are subject to the terms, conditions and exclusions of the actual policy issued. Not all policies or coverages may be available in every state.
Although care has been taken to assure the accuracy, completeness and reliability of the information contained herein, Silveus Insurance Group Inc. makes no warranty, express or implied, including warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, reliability or usefulness of any information, product, service or process disclosed. Clients should consult with their licensed insurance agent as to how the information, products, services or processes described may pertain to their individual situation. IN NO EVENT SHALL SILVEUS INSURANCE GROUP, INC. BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION CONTAINED HEREIN.