What are the two major types of crop insurance available today?

The correct answer identifies the two major types of crop insurance available today, which are Crop-Hail and Multiperil Crop Insurance (MPCI).

Crop-Hail insurance covers losses specifically related to damage from hailstorms, which can significantly affect crops during the growing season. This type of insurance is particularly valuable for farmers who are at risk of hail damage and want to protect their crop investments against potential losses caused by this weather event.

MPCI, on the other hand, provides broader coverage that includes losses from a wider range of perils, such as drought, excess moisture, and other natural disasters that could adversely affect crop yields. MPCI is designed to protect farmers from unforeseen circumstances that could jeopardize their crop production.

This combination of Crop-Hail and MPCI represents the main insurance products available to farmers, as they collectively cover major risks associated with crop production. Other options listed, such as General Liability or Farmers Insurance, focus on different types of risks and liabilities, which do not primarily address crop-specific concerns.