Who may not be an insured under a crop-hail policy?

Under a crop-hail policy, a bank or lending institution typically does not qualify as an insured party. This policy is specifically designed to cover farmers and producers against losses from hail damage to their crops, with emphasis on direct ownership and interest in the agricultural operation. While banks or lending institutions have a financial interest in the crops—especially if they provided financing for planting or operating costs—they are not directly involved in the farming operation itself.

This means they are not the ones experiencing loss from hail damage in a way that is covered under the policy. Instead, the policy is intended for individuals who are responsible for the cultivation and production of the crops, thereby making the farm owner an insured party. Authorized agents and crop insurance adjusters also play roles in the policy context but do not replace the farm owners at the point of risk from hail damage.