Area Risk Protection Insurance
Area Risk Protection Insurance (ARPI) is an insurance plan that provides coverage based on the experience of an entire area, generally a county. ARPI replaces the Group Risk Plan (GRP) and the Group Risk Income Protection Plan (GRIP).
ARPI provides protection against widespread loss of revenue or widespread loss of yield in a county. Individual farm revenues and yields are not considered under ARPI and it is possible that your individual farm may experience reduced revenue or reduced yield and not receive an indemnity under ARPI.
Footnote 3 - CAT Endorsement (15-cat) attaches to specific crop provisions that have a 2017 contract change date prior to June 30, 2016, when CAT coverage is selected by the insured.
Footnote 5 - The CAT coverage offered under ARPI is equivalent to the CAT coverage previously offered under the Group Risk Plan (GRP) which ARPI is replacing. Group coverage is required to be 'comparable coverage' to an individual plan, for which CAT is statutorily defined as 50 percent of yield and 55 percent of price. RMA has determined that comparable area-based coverage is 65 percent of yield and 45 percent of price.
Footnote 6 - CAT Endorsement (17-CAT) attaches to specific Crop Provisions that have a 2017 contract change date on or after June 30, 2016, when CAT coverage is selected by the insured.