Arkansas Insurance Adjuster Practice Exam

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What type of insurance does Michelle have, protecting her from financial losses due to decreased beet prices?

Multi-Peril Crop Insurance
Yield Guarantee
Crop-Revenue
Crop-Yield

The correct answer is: Crop-Revenue

Michelle has crop insurance to protect her from financial losses specifically due to decreased beet prices, so options A, B, and D are incorrect as they do not specifically mention beet prices. Option A, Multi-Peril Crop Insurance, covers against losses due to unpredictable weather conditions. Option B, Yield Guarantee, insures against a decrease in crop yield. Option D, Crop-Yield, also protects against loss of yield. Option C, Crop-Revenue, is the correct answer as it specifically covers losses due to decreased crop prices.