Once you file a notice of loss, an adjuster from your company will generally be in touch with you within 2-3 days. After the acreage report has been completed and processed, the insurance company will process the claim payment.
For both yield and revenue protection, prevented planting payments are based on the projected spring price. For crops that do not have yield or revenue protection, prevented planting payments are based on the price election.
Coverage factors that apply are: corn, 55%; soybeans, wheat, grain sorghum, 60%. The coverage factor can go up if you added the prevented planting buy-up option at sales closing.