Silveus Insurance Group Inc.
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Private Area Revenue (PAR) Service
Private Area Revenue (PAR) provides growers with an area-based coverage similar to ARP with an upper and lower coverage level elected by the grower. This provides a custom trigger and stop-loss for the policy.
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Because PAR is a private product, area yields can differ from ARP yields, and (in some instances) can be customized by the grower. The PAR plan also offers a protection factor similar to ARP that can increase coverage up to 150%. In some areas, PAR is offered on county- or district-level basis; in other areas, both offers are available.
PAR is a private insurance policy written in conjunction with an underlying individual (RP) or area (ARP) crop insurance revenue policy.