A Stronger Path Forward, Together

The coverage behind a poultry loan has been quietly getting weaker. Three shifts put lenders at real risk:

• Sublimits for snow and ice collapse. More policies are capping what they pay when a roof comes down under snow load, exactly the loss most likely to total a house.
• 7% to 10% wind/hail deductibles. A high percentage deductible means the grower absorbs a huge first slice of any wind loss, and a grower who cannot cover that gap is a grower who cannot rebuild.
• 80% to 90% co-insurance penalties. If the house is underinsured to value, the carrier reduces every claim by the same fraction, leaving a gap right when the collateral needs it most.

PGA by Alliant was built as the answer: spreading risk broadly across the country, delivering stronger coverage terms, and protecting both the lender and the grower on the same policy.

If you underwrite ag construction loans, you have probably seen this before: a borrower submits a builders risk certificate, and it gets rejected or delayed. The most common reasons:

• Missing or incorrect loss-payee language. The mortgagee is not named the way your institution requires, so the certificate does not satisfy the loan condition.
• Slow turnaround. A generic agent takes days to issue a certificate, holding up a draw that is already scheduled.
• Not construction-phase specific. A standard farm property policy was never designed to cover a structure mid-build, and it shows in the paperwork.

PGA's builders risk program is built specifically for poultry house construction, which means the certificate is written to match what a lender needs to see -- the first time, not the third.

Use this as a checklist when a borrower's builders risk certificate crosses your desk:

• Mortgagee or loss payee named correctly, matching your loan documents
• Coverage effective date on or before the first construction draw
• Project value on the certificate matches the loan amount
• 30-day notice of cancellation provision included
• Certificate turnaround same-day from the agent, not a multi-day wait

A lender's collateral is only as safe as the grower's grasp of their own policy. PGA works hand in hand with a diverse farming community, including Vietnamese, Burmese, Spanish, and Hmong growers, so that policy explanations, claims guidance, and key documents are available in the languages your borrowers do business in.

• Building trust through communication in a grower's own language
• Improving understanding of what is and is not covered, and where the grower's responsibilities sit
• Strengthening partnerships across cultures and communities, which means fewer surprises at claim time and steadier loans

If you have a borrower who needs a poultry construction loan closed and builders risk coverage in place before the first draw, send the file our way.

Call or email us with those details and PGA will handle borrower outreach, coverage placement, and certificate delivery directly -- coordinated with your timeline, not around it.

Working together today to build a stronger tomorrow. For banks. For growers. For the future of poultry.