Archive for February, 2019

Exploring Some of the Most Common Agribusiness Insurance Claims

Written by Insurance Research on . Posted in Uncategorized

According to a 2016 survey by the Insurance Information Institute, 79% of homeowners insurance policyholders understand that their insurance provides coverage for possessions stolen during a home burglary. Similarly, agribusiness insurance is another type of coverage that many homeowners and farm owners have some confusion about. But knowing some of the most common claims can help you determine whether or not this type of coverage is right for you. Here are just a few of the most common types of claims when it comes to agribusiness insurance and liability coverage.

Motor Vehicle Accidents

There are approximately 6 million car accidents in the U.S. each year, and studies have shown time and time again that motor vehicle accidents are one of the most common types of agribusiness insurance claims. The types of accidents that cause the most damage are those that result in overturned vehicles as well as head-on collisions and intersection accidents. Experts say agribusiness professionals can reduce motor vehicle accidents by implementing smart technology on equipment as well as telematics monitoring systems. It’s also a good idea to take extra precautions when hiring competent drivers.

Fires

As is the case with many types of homeowners insurance, fires are one of the most common claims. The fact is, fires are usually incredibly destructive. And anything that doesn’t get destroyed in a fire will likely sustain serious smoke damage, which requires long term work to remediate. Keep your farm and your assets protected by investing in an agribusiness insurance policy that includes fire protection.

Floods

Similarly, flash flooding and water damage often come on with little warning, giving farm owners minimal time to prepare. Flood damages can delay productivity during every stage of the operation and sales cycle, from growth to transportation, maintenance, and more. Again, it’s essential to keep your farm protected with the help of an affordable and flexible agribusiness insurance policy. Ultimately, it’s essential for every farmer in need of ranch insurance or other types of insurance involving agribusinesses to be aware of the most common claims to choose their coverage carefully. For more information about agribusiness insurance, contact Farmers Union Insurance.

Why Is Insurance so Important?

Written by Insurance Research on . Posted in Uncategorized

Insurance is one of the most important things you can have as a responsible adult. When you have insurance you can ensure your most important assets are covered in case of any kind of emergency. So what kinds of insurance should you have throughout your lifetime and why?

Homeowners or Renters Insurance Homeowners insurance is one of the most important things you should have in place if you own your own home. If you suffer a natural disaster, fire, earthquake, or anything ever goes wrong with plumbing, electrical, or theft, you could be completely covered or partially covered for the costs. Renters insurance is just as important if you do not own your own home. If anything ever happens in your rental unit all of your tangible items within the home are completely covered in the case of any incidents. These types of insurance can save you thousands of dollars in the long run and only cost a small amount each month or annually.

Business Insurance Business insurance is very important as well if you are an entrepreneur. Whether you work in your home or have a building elsewhere, it is best to get the right coverage for what you do. When searching for an insurance agent, just look up business insurance near me to get headed in the right direction. You may need coverage for your employees in dangerous situations. You may run a day home and need to ensure your space for the little ones running around in case of any accidents. You could just run an office and get insurance that covers you if there is ever an accident and you or one of your employees is unable to work. Business insurance can help cover the costs of hospital visits, time off work, and rehabilitation in case of an accident. Just type in business insurance near me and all types of insurance agents offices will pop up.

Life Insurance Life insurance is important for people of all ages. There is a common misconception that life insurance is only important if you’re getting up there in age and that is just not true. It is always a good idea to get life insurance if you are a parent or spouse to someone. Having a policy in place can ensure your family is taken care of and all the costs of burial, funeral, and much more are well taken care of. Getting a life insurance policy while you’re young and healthy can ensure your rates are locked in and you are covered in case of an accident at any time in your life.

Auto Insurance Auto insurance is mandatory and for good reason. If you get into an accident, the costs of fixing your vehicle or the other party’s vehicle can be staggering. You could also be sued if you injure someone in a crash and you’re found guilty. Having the right car insurance in place keeps you covered in case of any accidents and lets you drive around freely with no worries.

Whether you’re looking for “business insurance near me” or another one of these important insurance policies, make sure you have a reputable broker.