The USDA announced the counties that have triggered for payment under the Hurricane Insurance Protection-Wind Index endorsement for Hurricane Debby.
Approved insurance providers have 30 days to issue producer payments. Under HIP-WI, producers will receive over $200 million in indemnities for hurricane-related losses from Hurricane Debby.
“The hurricane caused devastating damage across the southeast and impacted many agricultural operations,” said Risk Management Agency Administrator Marcia Bunger. “The RMA’s hurricane and tropical storm endorsement provides added protection for producers who want more coverage options. We understand the importance of timely payments that help producers overcome natural disasters and assist with recovery efforts.”
Estimated indemnities include over $12 million for Florida, $45.6 million in Georgia, $97.8 million in North Carolina, and $54.3 million for South Carolina. Producers do not need to file a claim to receive an indemnity payment under the HIP-WI program. If a county is triggered, indemnity payments are automatically issued.