BRYANT":20w2ep78 said:Got mine through AFR America Farm and Ranch cover them for so much per head up to ever how many you want to pay for. more important is a liability policy that covers you if one gets out and some one hits it and they get killed or hurt bad. I always buy the max its not that much higher than buying the min. There is a lot of sue happy people in this world now days, I have and app. with an Attorney this Fri. to set everything up in its own LLC. I am setting each property, each rental house, and each vehicle up in its own LLC.
My F&R policy also covers my tractor, dozer and some round bales of hay.
midTN_Brangusman":3sma1o0b said:BRYANT":3sma1o0b said:Got mine through AFR America Farm and Ranch cover them for so much per head up to ever how many you want to pay for. more important is a liability policy that covers you if one gets out and some one hits it and they get killed or hurt bad. I always buy the max its not that much higher than buying the min. There is a lot of sue happy people in this world now days, I have and app. with an Attorney this Fri. to set everything up in its own LLC. I am setting each property, each rental house, and each vehicle up in its own LLC.
My F&R policy also covers my tractor, dozer and some round bales of hay.
Bryant how much is the liability insurance if you don't mind me asking. I just acquired another farm lease and the owner has requested that I have liability insurance.
I have not used that NAP program or whatever it is. I do use all facets of risk management within the commodities boards though. Puts, Calls, spreads, hedging out right, locking up corn etc.Bub":3j3sea4b said:Has anyone used or had the insurance for risk mangment on feeder cattle where if the price drops out it pays out the difference? Pros an cons to this insurance thanks for info
ITurkeybird":ell4zx8h said:Farmersjan, have you ever filed a cattle claim w/ farm b.? I did and realized I was getting ripped off and canceled my livestock policy
Turkeybird":3hstrd0i said:I have a umbrella policy, equipment, vehicle, home and structure coverage that I have been well pleased with also I am on the co. Board. I had 30,000$/ occurance policy and when I had lightening strike they called and asked how many cows I owned, I said sometimes 300 sometimes 600, so they prorated 30000$ across the total herd #. They sent me a check and I carried it back to their office and told em if they needed $ that bad to keep it. This was when cattle were sky high and I canceled my cattle policy
my agent explained it to me when I bought ins. that if you insure a 100 head of momma cows at 1000.oo each then say you loose 10 to lightning and the adjuster comes out and finds you have 200 head of momma cows then they will only pay 500.00 per head. Its important that you insure for the max rate of momma cows that you will have, bulls are separate and calves do not effect it. It cost like 9.00 per year to insure a 1500.00 cow.Turkeybird":1b0juy67 said:I had lightening strike they called and asked how many cows I owned, I said sometimes 300 sometimes 600, so they prorated 30000$ across the total herd #. They sent me a check and I carried it back to their office and told em if they needed $ that bad to keep it. This was when cattle were sky high and I canceled my cattle policy