PriceFlex (PF) Service
PriceFlex is a supplemental insurance policy that provides a potential for higher revenue protection guarantees than the base coverage established on the underlying Revenue Protection or Area Risk Protection Insurance plans. Producers may add one or more alternative price discovery periods (intervals), of which the highest would be used to establish the revenue guarantee for loss purposes when applicable.
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Description
PriceFlex offers 15-day and 30-day alternative intervals (half month/whole month) both before and after the MPCI discovery period. There is no risk of earning a lower price than can be achieved through the traditional crop insurance discovery period.
PriceFlex is a private insurance policy written in conjunction with an underlying individual (RP) or area (ARP) crop insurance revenue policy.
Sales Closing Date
PF must be purchased on or before the MPCI Sales Closing Date of the crop being purchased. Intervals purchased prior to the MPCI SCD must be bought 10 days prior to the expiration of the interval.
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