The Hurricane Insurance Protection – Wind Index (HIP-WI) Endorsement provides coverage for a portion of the deductible of the underlying crop insurance policy, when the county, or a county adjacent to it, is subjected to sustained hurricane force winds within its boundaries according to National Oceanic and Atmospheric Administration (NOAA). The policyholder can elect coverage up to 95% of the crop value. Sustained hurricane winds are the only cause of loss for HIP-WI and will be determined from to NOAA hurricane wind extents data. HIP-WI does not provide payments for prevented planting or replanting. The coverage provided by this endorsement may be combined with Supplemental Coverage Option (SCO) and Stacked Income Protection Plan (STAX), when acreage is also insured by a companion policy.
The HIP-WI Endorsement provides coverage for 70 different crops for both Catastrophic (CAT) and additional coverage policies when provided in the actuarial documents.
The Sales Closing Date for HIP-WI is April 30 for the 2020 Crop Year. The initial year HIP-WI is elected, coverage will not begin until 14 days after the Sales Closing Date.
For more information, visit the RMA Fact Sheet page.