What is the primary purpose of crop hail insurance?

The primary purpose of crop hail insurance is to provide financial protection to farmers specifically against hail damage. This type of insurance is tailored to mitigate the financial impact that can result from hailstorms, which can cause significant harm to growing crops. Farmers invest considerable resources into their crops, and a sudden hailstorm can destroy their potential income. By having crop hail insurance, they can receive compensation for their losses, helping them recover financially and continue their agricultural operations.

Other options do not align with the main function of crop hail insurance. Coverage for all types of crop damages would require a more comprehensive plan that goes beyond hail-related incidents, while insuring against theft relates to equipment security rather than crop protection. Offering subsidies for crop production does not involve risk management or loss compensation and falls under government support rather than insurance. Thus, the focus on hail damage specifically illustrates why the first option is the accurate representation of crop hail insurance's primary purpose.