It is going to be very expensive in all probability for the government and private insurers. Biggest drought in corn belt ever. Many tens or hundreds of billions of dollars in lost crops.
As u can see the answer is no, so if purchased puts you are screwed.
Has ACE put out any statements on crop insurance payments that anyone is aware of. The corn crop losses have been enormous, and even beans are down in many areas. Am I too pessimistic?