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Last month I wrote about Machinery Loss of Use Coverage. Two points came up from that topic. The first one, will this insurance pay when a piece of machinery is breaks down? The insurance will only pay if it is an “insured loss”, meaning it has to be a covered under the policy. Examples of …

What do you do when you have a claim with your tractor? What if your combine is damaged internally by a rock or it catches on fire. You cannot afford to be without this machinery so you rent a replacement.  Does your insurance policy pay for these rental costs? Your farm policy could pay for …

Insurance affects everything and everything affects insurance. We can all agree that insurance allows those who own a car, a home or operate a business can do so without the fear that some adverse incident could leave them unable to function. However, few people are aware of the extraordinary impact the industry has on the …

There are 3 basic levels of insurance coverage provided in the industry for buildings. The first is your basic Fire Coverage Only Form. This is what the industry started with and today is used seldom. The second form of coverage is called Named Perils Form. It lists a number of occurrences or events that are …

If for example you hire a custom applicator and they cause damage to your property you will expect them to have insurance coverage. It is good to know the damage can be fixed without hurting the individual custom applicator financially. It is also peace of mind to know that there are financial resources backing him …

If you haul your own livestock, make sure you have coverage on your farm policy for transportation. Not all policies automatically cover this. Back when I first started in this business, farm policies provided transportation coverage on livestock that you hauled yourself. Today with different insurers coming into the ag. sector because others left, things …

Depending on your type of business, you may be requested to provide proof of insurance to your suppliers.  In some cases, they are requesting that they be added as a Named Insured to your policy.  The problem with this is they are unknowingly asking for full liability insurance for their own operations and activities to …

A lot of people think their ATV, Off Road Vehicle or Dirt Bike is covered on their policy.  This is wrong, there is no coverage on farm, commercial or home insurance policies unless they are specifically scheduled. When you do choose to insure this on your farm, commercial or house policy you are only covered …

Most farms will employ either part time, full time or even casual employees.  The full-time employees often become part of the farm family and the farm owner becomes very concerned about their employee’s financial well being should they sustain an injury while on the job.  A number of farmers I talk to say they would …

Sometimes you need to buy a Builder’s Risk policy when doing construction projects and sometimes you don’t. If the coverage is required, it can be purchased by your General Contractor or yourself. When you do a new building project, the only coverage suited is the builder’s risk policy. However when you do a renovation project …