Farm Insurance in Moose Jaw
Do you need Fire Fighting farm insurance coverage? Many Moose Jaw agriculture insurance plans will not include this crucial protection.
Do you have any machinery or structures on your farm that are new? Newer equipment or machinery can qualify for coverage with a limited waiver of depreciation for up to 5 years after you buy it. The rest of your tools and equipment should have protection for their actual cash value (minus depreciation).
Do you have special farm insurance coverage for all your special items, like tack, equipment, fuel and chemical tanks, water bowls, aeration fans, bin sweeps, and more? Specialty items may require specialty Moosejaw farm insurance.
If you have any special processes such as combining, spraying, and grain drying, these tasks need to be reported so that your insurance can be arranged accordingly to include them.
Is your protection sufficient enough to include your chemicals, fertilizer and fodder? While you might have insurance for your grain and/or your livestock, some things may slip through the grates. Keep in mind that crop insurance in Moosejaw is essential as your crops may be your main source of revenue. You will want this coverage to reflect your crops and tools.
Are all the items used on your business property up to date? Do they reflecting their existing market value today? Any claims you make for combines, sweathers, and other valuable equipment may be subject to a separate deductible.
Are you sure that your buildings are adequately protected? Some buildings depending on their age and usage can qualify for Replacement Cost Coverage. This may be listed on your policy with the building description and if not plainly indicated can mean that the losses will be determined based on actual cash value without depreciation.
Loss of use protection is essential – do you have it? This coverage may be offered and can provide a generous amount of reimbursement for rental costs if your loaned farm equipment is damaged as a result of a covered peril.
Does your building’s contents have enough insurance? Make sure you are considering all your items, such as spare parts, tools, supplies, and shop equipment. Some items may not be included in your policy and outbuildings are protected separately.