Accurate land cover classification from satellite imagery is crucial in environmental monitoring and sustainable resource management. However, it remains challenging due to the complexity of natural landscapes, the visual similarity between classes, and the significant class imbalance in the available datasets. To address these issues, we propose a dual encoder architecture that independently extracts modality-specific features from optical and Synthetic Aperture Radar (SAR) imagery, which are then fused using a cross-modality attention-fusion module named Cross-modality Land cover segmentation with Attention and Imbalance-aware Reasoning-Enhanced Explanations (CLAIRE). This fusion mechanism highlights complementary spatial and textural features, enabling the network to better capture detailed and diverse land cover patterns. We incorporate a hybrid loss function that utilizes Weighted Focal Loss and Tversky Loss named RIFT (Rare-Instance Focal-Tversky) to address class imbalance and improve segmentation performance across underrepresented categories. Our model achieves competitive performance across multiple benchmarks: a mean Intersection over Union (mIoU) of 56.02% and Overall Accuracy (OA) of 84.56% on the WHU-OPT-SAR dataset; strong generalization with a mIoU of 59.89% and OA of 73.92% on the OpenEarthMap-SAR dataset; and remarkable robustness under cloud-obstructed conditions, achieving an mIoU of 86.86% and OA of 94.58% on the PIE-RGB-SAR dataset. Additionally, we introduce a metric-driven reasoning module generated by a Small Language Model (Phi-3), which generates expert-level, sample-specific justifications for model predictions, thereby enhancing transparency and interpretability.