Common use of Calculation of Indemnity Clause in Contracts

Calculation of Indemnity. ‌ a. Stage 1 on or Before June 20 (Refer to the Benefits document) b. Stage 2 on or After June 21 i. If the Insured notifies AFSC of a loss from Designated Perils on or after June 21 and before November 30 in each year, an Indemnity shall be calculated as follows: {(Coverage – Adjusted Production) x Insurance Price} – Wildlife Damage Compensation Program payments. ii. Before AFSC pays post harvest Indemnity, the Insured must file a Harvested Production Report. iii. In no case, for an Insured Crop, shall the combined Indemnities under any Insuring Agreement (including Hail Endorsement), Wildlife Damage Compensation, and Unharvested Acreage Indemnity exceed total Dollar Coverage for that crop under this Contract.

Calculation of Indemnity. ‌ a. Stage 1 on or Before June 20 (Refer to the Benefits document) b. Stage 2 on or After June 21 i. If the Insured notifies AFSC of a loss from Designated Perils on or after June 21 and before November 30 in each year, an Indemnity shall be calculated as follows: : 1) [{(Individual Coverage Normal Yield x Coverage Level x Number of Insured Acres) – Adjusted Production) } x Insurance Price} ] – Wildlife Damage Compensation Program payments. ii. Before AFSC pays post harvest Indemnity, the Insured must file a Harvested Production Report. iii. In no case, for an Insured Insurable Crop, shall the combined Indemnities under any Insuring Agreement (including Hail Endorsement), Wildlife Damage Compensation, and Unharvested Acreage Indemnity exceed total Dollar Coverage for that crop under this Contract.

Calculation of Indemnity. ‌ a. Stage 1 on or Before June 20 (Refer to the Benefits document) b. Stage 2 on or After June 21 i. If the Insured notifies AFSC of a loss from Designated Perils on or after June 21 and before November 30 in each year, an Indemnity shall be calculated as follows: [{(Individual Coverage Normal Yield x Coverage Level x Number of Insured Acres) – Adjusted Production) } x Insurance Price} ] – Wildlife Damage Compensation Program payments. ii. Before AFSC pays post harvest Indemnity, the Insured must file a Harvested Production Report. iii. In no case, for an Insured Insurable Crop, shall the combined Indemnities under any Insuring Agreement (including Hail Endorsement), Wildlife Damage Compensation, and Unharvested Acreage Indemnity exceed total Dollar Coverage for that crop under this Contract.