Farm Umbrella Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.
Farm Umbrella Insurance Information
Extra Security for Everything You’ve Worked Hard For.
Risks are inherent to farming. Typically, farmers secure insurance coverage to protect against financial losses resulting from those hazards. However, standard policies can leave operations exposed if a claim is for a significant amount. Obtaining a farm umbrella insurance policy can help fill in those gaps.
The professionals at McCune and Reed Insurance can work with you to find the coverages you need. Contact us today to get started.
How Does Umbrella Insurance Work?
Umbrella insurance extends the liability limits of the insured’s other insurance policies. For example, the liability portion of a farm owners policy or commercial auto policy typically provides coverage up to a certain amount, known as a limit. Generally, payments under those policies may be for third-party property losses or injuries when the policyholder is responsible. Standard liability insurance may also cover legal fees (e.g., court courts, attorney fees, settlements or judgments) associated with those events.
If a liability claim exceeds the underlying policy’s limits, the rest of the expenses would be paid out of pocket by the insured. Umbrella insurance adds a layer of coverage by stacking on top of the existing primary liability coverage, effectively providing a higher limit. This can help pay for the excess amounts.
Umbrella insurance may also provide coverage in areas excluded from existing policies. A self-insured retention (SIR) may apply in these situations. A policyholder is typically responsible for paying the SIR amount before umbrella policy coverage begins.
Contact McCune and Reed Insurance agents regarding coverages, limits and exclusions. We can provide details on available options and terms.
How Much Does Farm Umbrella Insurance Cost?
The cost of farm umbrella insurance varies. Several factors, including location, selected coverage limits and the size of the operation, may impact premiums.
Contact Us Today
The team at McCune and Reed Insurance can help you find the right coverage for your needs at the best value. Give us a call at 641-682-8027 for additional information.