Agriculture Insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in the prices of agricultural commodities. The two general categories of crop insurance are called crop-yield insurance and crop-revenue insurance.
- Crop-hail insurance is generally available from private insurers (in countries with private sectors) because hail is a narrow peril that occurs in a limited place and its accumulated losses tend not to overwhelm the capital reserves of private insurers. The earliest crop-hail programs were begun by farmer’s cooperatives in France and Germany in the 1820s.
- Multi-peril crop insurance (MPCI) covers the broad perils of drought, flood, insects, disease, etc., which may affect many insureds at the same time and present the insurer with excessive losses. To make this class of insurance, the perils are often bundled together in a single policy, called a multi-peril crop insurance (MPCI) policy. MPCI coverage is usually offered by a government insurer and premiums are usually partially subsidized by the government. The earliest MPCI program was first implemented by the Federal Crop Insurance Corporation (FCIC), an agency of the U.S. Department of Agriculture, in 1938. The FCIC program has been managed by the Risk Management Agency (RMA), also a U.S. Department of Agriculture agency, since 1996.
If you want to learn more about Scurich Insurance and what they have to offer, click the link to be directed to their website!
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It’s Friday and Scurich Insurance Services would like to help you unwind for the weekend with this week’s joke of the week.
An insurance sales rep, an administration clerk and their manager are walking to lunch when they find an antique oil lamp.
They rub it and a genie comes out in a puff of smoke. The Genie says, “I usually only grant three wishes, so I´ll give each of you just one.”
“Me first! Me first!” says the admin clerk. “I want to be in the Bahamas, driving a speedboat, without a care in the world.” Poof! She´s gone.
In astonishment, “Me next! Me next!” says the sales rep. “I want to be in Hawaii, relaxing on the beach with my personal masseuse, an endless supply of Pina Coladas and the love of my life.” Poof! He´s gone.
“OK, you´re up,” the Genie says to the manager.
The manager says, “I want those two back in the office after lunch.”
Moral of story: always let your boss have the first say.
For information about Commercial Insurance or Personal Insurance simply contact Scurich Insurance Services located in Watsonville, California today at 800-320-3666.
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As you may know, an insurance policy is issued for a limited time, and, at the end of that period, the insurance company renews the policy.
Renewal dates are
important times for insurance companies and policyholders. A renewal date is when a policy period expires and a new policy period begins. Renewal dates typically occur six months or one year after the policy began or the last renewal date occurred.
Policy Changes
- If the insurance company determines that the risk posed by the policyholder has changed, it may amend the policy, add restrictions or terminate coverage. General policy changes that affect all insured’s also take place at policy renewal.
Premium Changes
- A change in risk may also trigger a premium change at renewal. A policyholder who has not filed any claims may see a premium reduction, while a policyholder with several claims may see an increase.
Changing Policies
- If you find a better rate with another company or are unhappy with your company’s service, consider switching policies at renewal. You will avoid cancellation fees that may be imposed for mid-term cancellations.
Be sure to stay up to date with your current insurance policy. Not sure when you need to renew your policy? Simply contact Scurich Insurance Services located in Watsonville, California today at 800-320-3666 and we will be happy to tell you.
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Born in Watsonville Tony has been in the insurance business since 1981 and with Scurich Insurance since 1983. Tony is married with 3 children, graduated from Watsonville High in 1977 and Santa Clara University in 1981.
Tony’s current activities include running at Rio Del Mar Beach & West Cliff Drive, biking, cooking/BBQing, reading biographies and eating breakfast burritos at Pixie Deli. Past and present community activities include board member of St Francis High School, Pajaro Valley Historical Association, YMCA (board member and youth basketball coach), Boy Scouts of America and, Pajaro Valley Chamber of Commerce (board chair in 2004).
Contact any of the helpful and friendly agents at Scurich Insurance with any questions about your California Commercial Insurance Policy. To learn more about Scurich Insurance, follow us on Twitter.
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It’s Friday and Scurich Insurance Services would like to help you unwind for the weekend with this week’s joke of the week.
Four married guys go golfing on Sunday. During the 3rd hole the following conversation ensued:
First Guy: “Man, you have no idea what I had to do to be able to come out golfing this weekend. I had to promise my wife that I will paint every room in the house next weekend.”
Second Guy: “That’s nothing, I had to promise my wife that I will build her a new deck for the pool.”
Third Guy: “Man, you both have it easy! I had to promise my wife that I will remodel the kitchen for her.”
They continue to play the hole when they realized that the fourth guy has not said a word. So they ask him. “You haven’t said anything about what you had to do to be able to come golfing this weekend. What’s the deal?”
Fourth Guy: “I don’t want to talk about it. Let’s just say that the foundation for the new house is being poured next Tuesday.”
For information about Commercial Insurance or Personal Insurance simply contact Scurich Insurance Services located in Watsonville, California today at 800-320-3666.
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Information taken from: http://www.dmv.ca.gov/legacyplates/index.htm
“Effective January 1, 2013, DMV will accept applications for a series of three specialized license plates that replicate plates from California’s past. Motorists will be able to choose from a minimum of three styles: yellow background with black lettering, black background with yellow lettering, and blue background with yellow lettering. (AB 1658/Gatto)
Legislation introduced the California Legacy License Plate program offering vehicle owners the opportunity to purchase replicas of California license plates similar to those issued in the 1950′s, 1960′s, and 1970′s. The program requires a minimum of 7,500 pre-paid applications prior to January 1, 2015.
The program is intended, in part, to give classic car collectors a way to get plates that match the era of their vehicles, the analysis said. Legacy License plates can be ordered for any year model automobile, commercial vehicle, motorcycle, or trailer. The Legacy License Plate Program will not replace the current Year of Manufacture (YOM) license plate program.”
For information about Commercial Insurance or Personal Insurance simply contact Scurich Insurance Services located in Watsonville, California today at 800-320-3666.
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