Wednesday, October 2, 2013

Crop Insurance Claims May Not Be Paid During Government Shutdown



How will the government shutdown affect your claim payments?

With the shutdown, the crop insurance companies are no longer able to clear policies and claim information through the FCIC clearing house for accuracy. Insurance companies may elect to either pay the claim prior to clearing the information through the FCIC or they will delay the payment until the information has been deemed to be accurate. This could mean waiting until the government is fully restored to get paid on your claim.

If the crop insurance companies elect to pay the claim prior to clearing the information through the FCIC, there is a chance that the claim will later need to be revised. This revision could either require you to pay back a portion of the claim or could result in another payment being made.

Get more updates on crop insurance and free resources for farmers at http://www.growers-edge.com

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