There are a number of different properties on your farm that may not have even thought to insure. The Threshed Grain Floater is an important consideration when you consider the higher values in the market place this year. All farm policies need to be reviewed. When placing coverage on your grain, you need to 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 from insurance company to another… annual premium is one difference; another is the coverage’s provided. For example, some companies provide theft coverage while located on a vacant yard while others provide only a maximum of 10% of your total limit but some do not cover theft at all. Theft coverage is the main concern, also covered is collision, fire and wind losses.