# New Mexico Crop Hail

Below are the policy descriptions for New Mexico. These descriptions are for reference only. Information contained in these descriptions in no way supersedes any of the policy, general or state provisions, or any amendatory or optional endorsements. Refer to the provisions or endorsement for actual policy language.

For Cotton, on the XS10IP, DXS10, XS20IP, XS50IP, and DD20 plans, the increasing payment provision and/or the additional payment provision shall not apply until 100% of the limit of insurance is in effect on cotton stepladder policies and after the maximum payable percentage of loss becomes 100% on cotton escalator policies.

## Policy Types

Catastrophe Loss Award

For all policies below that pay 70% indemnity at 70% loss, the Catastrophe Loss Award described below applies:

Once the ascertained percentage of loss per acre exceeds 70%, an additional one-half of the percent of loss that is in excess of 70% will be paid. However, the total percentage payable shall not exceed 100%.

The Catastrophe Loss Award provision does not apply to Cotton policies.

Basic

(5% Minimum)

Provides a loss payment when the adjusted loss per acre meets or exceeds 5%. The percentage then payable will be the total percent loss. The total payable loss shall not exceed 100% of the limit of liability.

XS10

Provides a loss payment when the adjusted loss per acre exceeds 10%. The percentage then payable will be the percent in excess of 10%.

DXS10

Provides a loss payment when the adjusted percent of loss per acre exceeds 10%. The loss payment shall be that percent of loss in excess of 10% multiplied by 1.25. Once the adjusted loss equals or exceeds 50%, this provision will no longer apply.

XS10IP

Provides a loss payment when the adjusted loss per acre exceeds 10%. The percentage per acre then payable will be the percent in excess of 10%. Once the percent of loss exceeds 70%, an additional 1% will be paid for each percent of loss in excess of 70%. The payable percentage may not exceed 100% of the limit of liability.

XS15

Provides a loss payment when the adjusted loss per acre exceeds 15%. The percentage then payable will be the percent in excess of 15%.

XS15IP

Provides a loss payment when the adjusted loss per acre exceeds 15%. The percentage per acre then payable will be the percent in excess of 15%. Once the percent of loss exceeds 70%, an additional 1.5% will be paid for each percent of loss in excess of 70%. The payable percentage may not exceed 100% of the limit of liability.

XS20

Provides a loss payment when the adjusted loss per acre exceeds 20%. The percentage then payable will be the percent in excess of 20%.

XS20IP

Provides a loss payment when the adjusted loss per acre exceeds 20%. The percentage per acre then payable will be the percent in excess of 20%, multiplied by 1.25. The payable percentage may not exceed 100% of the limit of liability.

DD20

Provides a loss payment when the adjusted loss per acre exceeds 20%. The percentage per acre then payable will be the percent in excess of 20%. When the percent loss exceeds 40%, an additional 2% will be paid for each percent in excess of 40%. Once the adjusted loss exceeds 50%, this provision no longer applies. The total payable loss shall not exceed 100% of the limit of liability.

XS50IP

Provides a loss payment when the adjusted loss per acre exceeds 50%. The percentage per acre then payable will be the percent in excess of 50% multiplied by 2.0. The total payable loss shall not exceed 100% of the limit of liability.