Production Loss definition

Production Loss means the amount the Adjusted Production is less than the Coverage for an Insured Crop.
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Production Loss means any “additional production costs” incurred to
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Production Loss. This term is defined in Section 5.5.
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Examples of Production Loss in a sentence

  • When irrigated acres are in a Production Loss, the Insured will be asked to provide an irrigation log showing dates of precipitation and approximate amounts of water applied.

  • The Insured can receive a 50 percent advance payment on the estimated Production Loss prior to Quality Loss.

  • AFSC then calculates the difference between the estimated production and Coverage, and pays the preliminary payment based on the estimated Production Loss.

  • If, based on the production reported on the HPR, an Insured Crop is in a Production Loss, the Insured may have the option of accepting an advance payment prior to AFSC completing an on-farm inspection.

  • The Variable Price Benefit triggers when the Fall Price of an eligible crop increases by a minimum of 10% above the Spring Insurance Price, and compensates when the eligible crop is in a Production Loss.

  • If, based on the production reported on the HPR, an Insured Crop is in a Production Loss and meets a set of criteria determined by AFSC, the Insured may be eligible to be paid for the loss.

  • The Variable Price Benefit triggers when the Fall Price of an eligible crop increases by a minimum of 10% above the Spring Insurance Price and compensates when the eligible crop is in a Production Loss.

  • The Variable Price Benefit triggers when the Fall Price increases by a minimum of 10% above the Spring Insurance Price, and compensates when the eligible crop is in a Production Loss.

  • The Insured can receive a 50 percent advance payment on the estimated Production Loss prior to grade loss.

  • Once the post harvest claim is finalized, AFSC recalculates the Production Loss based on the Harvested Production determined during the on-farm inspection, and the Insured will receive the remaining Indemnity including any grade loss.