There are a number of different properties on your farm that you may not have even thought to insure. The Threshed Grain Floater is an important consideration when you consider the high values. All farm policies need to be reviewed. When placing coverage on your grain, you insure to the maximum value that you have on hand at anyone time throughout the year. The annual premium takes into consideration the fact that this maximum amount is typically for a relatively short time.
Threshed Grain Floaters vary greatly. For example, some companies provide theft coverage while located on a vacant yard while others provide only to a maximum of 10% of your total limit but some do not cover theft at all. Theft coverage is the main concern but also important is coverage for collision, fire and wind.
Be sure to seek advice and purchase insurance from those who understand your business!