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!
[formidable id=21 title=true]
Read more
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.
Read more
Scurich Insurance Services, located in Northern California, has been serving the Agriculture community since 1924.
We would like the opportunity to compete for your Agriculture Insurance coverage. Here are some areas we can help you in the near future:
Protect your Property | Protect Your Equipment | Protect your Employees | Protect against Law Suits
Not sure if you’re covered enough? We can help find fatal gaps in your current policy and avoid potential disaster.
But don’t take our word for it, here are some comments from business owners, like you:
|
“In the early 80’s I was approached by Tony Scurich himself about his insurance opportunities and I really loved the idea of a local family -owned business. We were insured with Scurich Insurance for our previous business so when we opened Lakeside Organic Garden, it was a no brainer who to insure with. If I had to rate Scurich Insurance I would rate them as an 11 on a scale from 1-10 because of their excellent customer service and the ease of trusting them through their consistent honesty. “Joanne, Lakeside Organic Gardens |
|
“In 2009, I started looking for insurance for my company, MKM farms. We’re located in Salinas, CA. Scurich Insurance contacted me and I had to take it as a sign for perfect timing. Not only did I save money when I switched from the provider I was with, but I quickly learned that Scurich Insurance provides great customer service which really adds to the overall appeal of the business. Working directly with Mike and Tony, the owners, is an awesome amenity as well. It just adds to the comfort of knowing things will get done.”Doug Iwamoto, MKM Farms, Inc. |
Start Here to complete our simple Request Form and a representative will respond within 24 hours.
We look forward to offering you great service. To learn more about us and to stay in contact with us, follow us on Twitter!
Read more
As seen in: Property Casualty 360 6/20/2012 By Arthur D. Postal
Last month the Senate rejected a particular amendment to the farm bill S. 3240 that “…would have stripped the Federal Crop Insurance Program (FCIP) budget baseline by $5 billion, leading to a 37 percent reduction in Administrative and Operating (A&O) funds, and would have reduced the overall program cap to $825 million.”
The Administrative and Operative funds was used partly to pay to pay the agents commissions of the agents upon the sale of crop insurance. The cut that was proposed would have been on top of additional cuts that have already been made.
Industry officials have been quoted at saying, “At a time when farmers are being asked to rely on crop insurance even more as their primary risk management tool, it seems irresponsible to further deplete the crop program of its critical resources,” according to Charles Symington, senior vice president of government affairs for the Independent Insurance Agents and Brokers of America.”
Scurich Insurance Services cares about any problems that you maybe going through on your farm. Contact any of the friendly and helpful agents at Scurich Insurance Services with any of your questions regarding your agriculture insurance policy.
Content was first stated by: http://www.propertycasualty360.com/2012/06/20/senate-rejects-amendment-that-would-further-cut-cr?t=agency-management&utm_source=PC360DailyeNews&utm_medium=eNL&utm_campaign=PC360_eNLs
Scurich Insurance Services did not originally write this content.
Read more
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-yield insurance There are two main classes of crop-yield 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 farmers 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!
[formidable id=21 title=true]
Read more
As seen in: Property Casualty 360 4/25/2012 By Melissa Hillebrand
There is a federal insurance program in place that insurance agents use that specialize in Agriculture Insurance. Throughout the years this insurance program has gone through many different changes like cut backs like a lot of other programs are going though as well. The Federal Crop Insurance Program’s (FCIP) current bill with the Congress expired this September and that may mean even more cut backs for the program. Originally when the program was created during the depression era to help those farmers recover from the damages that occurred from the Dust Bowl.
The 2012 farm bill that is before congress would take the place of the current legislation that was passed back in 2008. The legislation that was passed in 2008 made it so that there was a reduction in the appropriation that is given to insurers that sale and serve crop insurance policies and the administrative fees for coverage with the policies are increased for farmers. The National Association of Farm Service Agency (FSA) County Office Employees (NASCOE) wants Congress to replace the private insurance agents with federal government employees (FSA), although there is much debate over where or not federal employees or private insurance agents should be the ones that handle the policies.
Although there is a significant amount of fear surrounding the Obama administration proposed plan to decrease the amount of subsidies to the industry by $8 billion over the course of 10 years, a reduction of ROI for crop insurers to 12% and having a reduction in producer-premium subsidies and how these changes will in turn affect farmers.
Contact Scurich Insurance Services today about any questions regarding Agriculture Insurance or your Agriculture Insurance Policy today!
Content was first stated by: http://www.propertycasualty360.com/2012/04/25/from-acorns-to-zucchini
Scurich Insurance Services did not create this content.
Read more
