Price Modifier Plus
The Price Modifier Plus (PM+) policy supplements the coverage provided by the Common Crop Insurance Policy (CCIP) authorized and reinsured by the Federal Crop Insurance Corporation (FCIC). By purchasing the PM+ Policy, an insured may increase the price election selected under the eligible Plan of Insurance whether RP, RPHPE, YP. The PM+ policy is only available on 80% or 85% coverage levels.
The PM+ Policy does not protect against price fluctuations and the PM+ price election will not increase regardless of the price fluctuation under the Revenue plan of insurance.
The intent of the PM+ Policy is to allow the insured the opportunity to supplement the price election selected on the applicable underlying eligible plan of insurance. The combined value of the supplemental coverage provided by the PM+ Policy and coverage provided by the applicable Plan of insurance may not exceed the value of the Actual Production History multiplied by the applicable MPCI projected price or price election.