A fascinating form of risk protection is parametric insurance. It is growing in terms of popularity and could be a solution for agricultural risks. A general understanding of parametric insurance is an "If, then" scenario: "If there's a derecho, then I would collect immediately without any delays."

In this 16-minute podcast episode, Andy Klaus, vice president of business development at Vortex Insurance Agency, LLC, explains the basics of parametric insurance and how farmers could benefit from the claim payment flexibility.

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