Coverage Details

Program Features | Advantages

• High Customer Satisfaction – program has served customers over 25 years
• Savings up to 50%
• Peak Season Inventory insured up to $10,000,000
• Coverage for seed Inventory (including containers) - at any location (owned, leased or temporary storage), in transit, shipped direct to growers
• 24/7 Claim Service, loss paid on delivered invoiced price

Coverages

• Fire, Windstorm, Collapse, Theft, and other Perils
• $500 Deductible, no coinsurance
• Limits up to $10,000,000 any one loss or occurrence, except:
• Flood up to $2,000,000; except $250,000 Flood Zone A and its derivatives; $25,000 Flood Zone A Deductible
• Inventory in wood frame, all wood-sided buildings $2,000,000
• Inventory in Transit up to $300,000 any one conveyance
• Master Policy issued to Beck's Hybrids, including Authorized Dealers
• *Subject to policy terms, conditions, and exclusions. In the event of difference, policy will prevail

Convenience

• One Annual Invoice: Includes prior season's final adjustment based on actual invoiced sales reported by Beck's Hybrids
• No Reporting: Crop year-end sales provided by Beck’s Hybrids
• Online Access: Dealer may enroll, renew, make payment, view and print Evidence of Coverage

Program Premium

Dealer Net Sales	Premium Rate/Payment
Up to $2,000,000	$1.10 per $1,000 of invoiced seed
$2,000,001 to < $5,000,000	$1.00 per $1,000 of invoiced seed
$5,000,000 and greater	$0.90 per $1,000 of invoiced seed

Policy Term – Premium Due Date

• September 1, 2024 to September 1, 2025
• Premium payment to Brown & Brown (formerly Hays Companies) due by October 15th
• Coverage Expired for Non-Payment Notice emailed October 16th
• Dealer Enrollment: Visit https://becks.haysprograms.com
• New Dealers: Complete the online application/enrollment form 
• Renewal: Enrolled dealers will receive an email notification with link and directions to log into account to view renewal invoice
• Premium Payment is required to activate coverage:
  • Credit or debit card through online account 
  • Check mailed to Brown & Brown

Claims Reporting

• Claims must be reported immediately to Allianz Global Corporate & Specialty at 800-558-1606; Fax 888-323-6450 or Email NewLoss@agcs.allianz.com

Customer Service

• Kathy Velin – Brown & Brown Ag Desk
• 901 Marquette Ave, Suite 1800, Minneapolis, MN  55402
• Phone: (877) 316-4297 | Email: agdesk@hayscompanies.com

Exclusions (including, but not limited to)

• Governmental Action
• Nuclear Hazard
• War and Military Action
• Terrorism
• Electronic Data
• Fungi, Wet Rot and Dry Rot
• Virus, Bacterium or Other Microorganism
• Delay, loss of use, loss of market, loss of income or other consequential loss
• Unexplained disappearance
• Shortage found upon taking inventory
• Dishonest or criminal act committed by:
  • You, your partners, employees, directors, trustees, or authorized representative
  • A manager or a member if you are a limited liability company
  • Anyone else with an interest in the property, or their employees or authorized representatives
  • Anyone else to whom the property is entrusted for any purpose (does not include carriers for hire)
• Voluntary parting if induced to do so by any fraudulent scheme, trick, device or false pretense
• Unauthorized instruction to transfer
• Neglect of an insured to use all reasonable means to save and preserve property from further damage at or after the time of loss
• Acts or decisions, including the failure to act or decide, of any person, group, organization or governmental body
• Wear and tear
• Any quality in the property that causes it to damage or destroy itself, hidden or latent defects or gradual deterioration
• Insects or rodents
• Leakage, breakage, marring or scratching except if the direct result of fire, lightning, windstorm, flood or the collision, derailment, upset or overturn of the transporting vehicle
• Any process or by actual work upon the property unless fire or explosion ensues and then only for loss or damage caused by such ensuing fire or explosion​​​ ​​