Munich Re-owned HSB is debuting coverage meant to address evolving farm data risks, technology and state-of-the-art equipment. USAA said it has expanded its SafePilot app program into seven new states.

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Munich Re’s HSB is debuting coverage meant to address evolving farm data risks, technology and state-of-the-art equipment.

Dubbed Precision Ag insurance, the cover is designed for large commercial enterprises and smaller family farms, it combines equipment breakdown and cyber insurance to offer broad protection for data-driven precision agriculture, covering areas including stationary equipment, electronics in the cab, key farming implements and cybersecurity threats.

Precision Ag provides a choice of insurance endorsements and loss prevention services designed to stack and work together without the potential gaps of some standalone farm insurance policies. It covers the physical breakdown of equipment and the failure of microcircuitry and firmware for sensors, monitors, cameras and other electronics inside the cabs of tractors and combines.

HSB claims the cover is the first farm insurance with an option to extend that coverage to portable agricultural implements, such as seeders, sprayers, spreaders and tillers, for both mechanical breakdowns and undetectable damage to the sensitive microelectronics that control them.

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USAA said it has expanded its SafePilot app program into seven new states. Munich Re-owned HSB is debuting coverage meant to address evolving farm data risks, technology and state-of-the-art equipment. USAA said it has expanded its SafePilot app program into seven new states.

Members who enroll in SafePilot are now eligible for initial policy discounts up to 10 percent for signing up for the program, and continued policy discounts up to 30 percent for safe driving behaviors.

The new states include Alabama, Colorado, Minnesota, Nebraska, Nevada, Oklahoma and Utah, with customers in 23 states now eligible to participate in the program. Expectations are that the program will launch in most states through 2021 to accommodate growing demand.

Source: Munich Re/HSB, USAA