Added Value Enhancement (AVE)
Added Value Enhancement (AVE) is a supplemental insurance policy designed to work in conjunction with the current crop year underlying MPCI policy for Winter Wheat, Corn, and Soybeans. Crops listed may not be available in some states. The underlying MPCI policy must be one of the following:
• Revenue Protection (RP),
• Revenue Protection with Harvest Price Exclusion (RPHPE), or
• Yield Protection (YP)
For the Spring, AVE is available for Corn & Soybeans in Arkansas, Colorado, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, & Virginia.
For the Fall, AVE is available for Winter Wheat in Arkansas, Indiana, Iowa, Kansas, Kentucky, Michigan, Missouri, Ohio, Oklahoma, Tennessee, & Virginia.
The underlying MPCI policy information will be used to establish the liability and premium. Coverage for AVE must be elected by the Sales Closing Date for the underlying MPCI policy.
AVE excludes High Risk, unclassified or uninsurable land, acres insured by a Written Agreement, Organic Practice acreage, and crops, types or practices not offered. Prevented Planting and Replant payments are not covered by AVE.
AVE Additional Information
AVE applies a Supplemental Coverage Band and Supplemental Price Election selected by the producer. Supplemental Coverage Band options are dependent on the producer's underlying MPCI policy coverage level and are available in 5% increments. The Supplemental Price Election is available in 5% increments and may be elected from 5% - 25%. AFBIS reserves the right to limit availability offered.
