These base premium rates are provided for information purposes only. For your own rates and for any surcharge and discount you may have, see your renewal notice or coverage confirmation.
2024 Premium rates for apples
Crop
| Coverage type | Customer base premium rate by coverage level
(% of liability)
|
|---|
| 70% | 75% | 80%
| 85%
|
|---|
| Fresh and juice | Enhanced basic | 3.02% | 3.37% | 3.79% | 4.55% |
|---|
Separate orchard hail rider
| 7.87% | 8.23% | 8.66% | N/A |
|---|
| Fresh only | Enhanced basic | 3.02% | 3.37% | 3.79% | 4.55% |
|---|
Separate orchard hail rider
| 7.87% | 8.23% | 8.66% | N/A
|
|---|
2024 Premium rates for apple trees
| Coverage type | Deductible (% of trees) | Customer premium (% of liability) |
Standard
| 7.5% | No cost* |
|---|
Additional
| 3.0% | 0.13% |
|---|
*The federal and provincial governments pay the premium on your behalf.
2024 Claim prices for apples and apple trees
Option/Type
| Claim price |
|---|
Option 1
| $0.38/lb
|
| Option 2 | $0.40/lb
|
| Option 3 | $0.46/lb
|
| Option 4 | $0.51/lb
|
Juice apples
| $0.0432/lb*
|
| Apple trees | $16.97/tree
|
*$0.0432/lb is the estimated claim price for juice apples. The final claim price for juice apples is set at harvest using the current year’s negotiated price for ground juice apples less harvesting costs.
Calculating your annual premium
Your annual premium is based on:
- Base premium rate
- Guaranteed value
- Discounts and surcharges (D or S)
The premium is calculated using this formula:
Annual premium = base premium rate × guaranteed value × D or S
Base premium rate
The base premium rate is determined at renewal time each year. It may change due to factors like past performance of the plan, changes to claim prices and the level of the Ontario Agricultural Products Insurance Fund.
Guaranteed value
Your guaranteed value is determined by multiplying your guaranteed production by your selected claim price.
Guaranteed value = guaranteed production × selected claim price
Discounts and surcharges
If you have had Production Insurance for more than 1 year, your premium rate may be discounted or surcharged. Discounts and surcharges are determined by comparing your individual claim rate for a commodity to the claim rate for the commodity as a whole.
For more information, see 
Discounts and Surcharges.
