ENHANCED COVERAGE OPTION (ECO)
ECO is a crop insurance option that provides additional area-based coverage for a portion of the underlying crop insurance policy deductible, enhancing your total coverage.
ECO is an endorsement and must be purchased with any of the following policies, Yield Protection, Revenue Protection, Revenue Protection with Harvest Price Exclusion.
ECO offers a choice of 90 or 95 percent trigger levels, and pays a loss on a area basis. An indemnity is triggered when there is a decrease in the county level yield or revenue.
The ECO option follows the coverage of your underlying policy. If you choose a yield based policy then ECO covers yield loss. If you choose a Revenue Protection policy, the ECO covers revenue losses.
You can read more about ECO in the Ohio Country Journal/Ohio Ag Net at: https://ocj.com/2021/01/the-new-enhanced-coverage-option-eco-crop-insurance-program/
ECO is available for many crops including corn, soybeans and wheat. Call our office for more information.