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Catastrophic Risk Protection Endorsement

PM-24-049 Fire Insurance Protection - Smoke Index (FIP-SI) Endorsement Effective for the 2025 and Succeeding Crop Years

Background

On May 23, 2024, the Federal Crop Insurance Corporation (FCIC) Board of Directors approved the Fire Insurance Protection - Smoke Index (FIP-SI) Endorsement. It is available beginning with the 2025 crop year as additional coverage for the Common Crop Insurance Policy, Basic Provisions and the Actual Production History Grape Crop Provisions in counties located in California. The coverage provided by this Endorsement may be combined with the Supplemental Coverage Option (SCO) Endorsement or the Catastrophic Risk Protection Endorsement (CAT).

Fire Insurance Protection – Smoke Index (FIP-SI)

The Fire Insurance Protection-Smoke Index (FIP-SI) Endorsement covers a portion of the deductible of the Grape Crop Provisions when the insured county experiences a minimum number of Smoke Events as determined by the Federal Crop Insurance Corporation (FCIC) in accordance with the Smoke Data Provisions (SDP) and identified in the actuarial documents. The coverage provided by this Endorsement may be combined with the Supplemental Coverage Option (SCO) Endorsement or the Catastrophic Risk Protection Endorsement (CAT).

Actuarial 23-047

As of November 16, 2023 the following information is now available on the FTP site:

  • 2024 Actuarial Data Master for the 6/30, 8/31, 11/30, 12/31 Filing Date, YTD, and Daily Files.
  • 2024 Special Provisions for the 8/31, 11/30, 12/31 Filing Date.

Users can find this information in the following directories: