Hurricane Insurance Protection - Wind Index (HIP-WI)

When available for the state/county/crop, the "HIP - Hurricane Income Protection" option is available for selection in the Crop Options when adding a new coverage. When HIP is selected, the additional HIP fields display (a): 

NOTE: For the 2020 RY only, where the end of insurance period is before the end of the hurricane season and prior to the beginning of the insurance period for the next crop year, a gap or "HE" option is available to allow producers of certain crops to purchase an option to cover the time period gap of coverage between the end of insurance period and the beginning of the new crops year's insurance period. This option should be elected with "HIP".

NOTE: The HIP option cannot be selected if STAX is a stand-alone coverage. If the Related Coverage checkbox has not been selected on the STAX coverage, the System will notify you that the STAX coverage cannot have HIP-WI.

The View Coverage page displays this same information as read only.

The Maintain Coverage page displays this same information HIP election fields as Add New and View Coverage pages but also adds additional HIP-specific fields for Fund Designation (with proper permissions), Coverage Status, and Insured and Agent Signature Dates. The Coverage Status and HIP Sign Dates will populate at save when HIP is added as an option (instead of adding revised coverage dates for underlying coverage to capture the HIP application).

Also, if no Intended Acres are keyed, an AIP user can key the highest number of acres planted in any one of the immediate past four crops years to be used in place of intended acres; this value is keyed on the Maintain Coverage page in the HIP Greatest Acres in Previous 4 Years’ field. This value should only be keyed if the determined value is less than reported acres in the current RY and a claim exists.

NOTE: Per Manager’s Bulletin MGR 20-011, if a hurricane hits prior to the ARD + 14 days, the number of eligible acres will be the lesser of the HIP Intended Acres (or when not reported, the highest number of acres planted in the last 4 years) or the Total Reported HIP Acres for the current year.

NOTE: HIP Intended Acres and HIP Greatest Acres in Previous 4 Years' fields are not available for Plan 40 crops or most plan 50.

for Nursery, Nursery Value Select and Tree Crops only

A Prior Year Amount of Insurance will display for Nursery, Nursery Value Select and Tree Crops only. This value must be manually determined by the user and is necessary to apply the HIP Limitation should a hurricane occur before the insured provides their Acreage Report, Plant Value Inventory Report, and Nursery Value Report.

In the Coverage Information section, when available for the state/county/crop, the "HIP - Hurricane Income Protection" option is available for selection in the Crop Options. When selected (a), the following fields display:

An MPCI detail line (parent) must exist for the underlying MPCI coverage and must have a planted, insurable acre value entered or the equivalent (for example, a PIVR for Nursery) before the System will generate a read-only child line for the HIP-WI option.

NOTE: HIP-WI is not allowed on Prevented Planting or Replant acres.

When Detail Lines have been created for the underlying coverage, they are displayed on the Detail Lines tab. The HIP-WI child lines do not appear until acreage has been keyed and saved via Fast Edit AR or the Maintain Detail Lines page.

NOTE: Child lines are not allowed on Plan 40 detail lines that have the "CV", "OW", or "OX" crop options and will not be created by the System.

Above, acreage was keyed and saved, and the child line now displays below it's parent line.

After the underlying coverage's acreage has been reported, the corresponding HIP-WI detail line (child line) is created and can be viewed by clicking the unit number link on the View Detail Lines page. Detail Lines will not display for HIP-WI until acreage is keyed on the underlying MPCI coverage.

The HIP-WI child line records will update with any subsequent changes to the underlying MPCI parent line:

Plans 01, 02, 03, 50 (Excluding Nursery & NVS), 55, and 90 (Cat B & Cat C)

Other fields were copied from the parent detail line (underlying MPCI line) and display as read-only.

NOTE: Uninsurable & Prevented Planting will always display as “No” since they are not allowed with the HIP-WI Endorsement.

When keying acres in Fast Edit AR, the Fast Edit AR will display all detail lines that exist for the selected coverage(s), planting season, and Acreage Reporting Date. On save of acreage, the System will create the HIP-WI detail lines (child lines) as applicable in read-only format, with "[Related]" in the Unit # field and "HIP" in the Options field.

Above, the Fast Edit AR page before acres were keyed and saved. Below, after acreage was saved, the System created and displayed a child line for each parent.

This is only applicable to plans supported by the Fast Edit AR & HIP-WI: Plans 01, 02, 03, 55, and 90 (Cat B) Commodities.