Private Product policies are not part of the Federal Crop Insurance Program and are provided directly to farmers by private insurers. A popular example is Crop Hail. Many farmers purchase Crop Hail coverage because hail has the unique ability to totally destroy a significant part of a planted field while leaving the rest undamaged. In areas of the country where hail is a frequent event, farmers often purchase a Crop Hail policy to protect high-yielding crops. Unlike MPCI, a Crop Hail policy can be purchased at any time during the growing season.
Other new products available privately available include crop fire and pasture fire. These examples are products that need to be purchased on or before the MPCI sales closing date.