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Feb 7th, 2025
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 INSURANCE INCREASE
#8733207
11/13/22 12:35 PM
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Joined: May 2005
Posts: 2,548
Huntmaster
OP
Veteran Tracker
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OP
Veteran Tracker
Joined: May 2005
Posts: 2,548 |
My Farm Bureau Policy just went up $2000 in one year. No claims in past 10 years. What “FARM
POLICY” do you guys carry? I know a Farm Policy differs from a regular policy.
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Re: INSURANCE INCREASE
[Re: Huntmaster]
#8733214
11/13/22 01:05 PM
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Joined: Dec 2009
Posts: 10,848
The Dude Abides
THF Celebrity
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THF Celebrity
Joined: Dec 2009
Posts: 10,848 |
It's not your claims you're paying for. Inflation, location, cost of materials & labor are the driving factors. Just about everyone's homeowners went up significantly.
I am still looking for the perfect apron, one with reinforced knee areas would be perfect. Some people live an entire lifetime & wonder if they ever made a difference in the world, a veteran doesn't have that problem. Reagan
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Re: INSURANCE INCREASE
[Re: The Dude Abides]
#8733223
11/13/22 01:23 PM
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Joined: May 2005
Posts: 2,548
Huntmaster
OP
Veteran Tracker
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OP
Veteran Tracker
Joined: May 2005
Posts: 2,548 |
Thanks, but I’m not looking at why rates are rising; I’m looking for ranchers who may be insured with Germania, State Farm Ranch, Farmers Ranch, Nationwide Ranch, or some independent; that they feel is a better fit.
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Re: INSURANCE INCREASE
[Re: Huntmaster]
#8733233
11/13/22 01:35 PM
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Joined: Apr 2007
Posts: 62,959
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 62,959 |
My Farm Bureau Policy just went up $2000 in one year. No claims in past 10 years. What “FARM
POLICY” do you guys carry? I know a Farm Policy differs from a regular policy. Are you talking liability, equipment or crop?
Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, b/c they know not victory nor defeat"- #26 TR
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Re: INSURANCE INCREASE
[Re: Huntmaster]
#8733239
11/13/22 01:39 PM
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Joined: May 2005
Posts: 2,548
Huntmaster
OP
Veteran Tracker
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OP
Veteran Tracker
Joined: May 2005
Posts: 2,548 |
No crop, liability barely went up, main increase was on house and barn.
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Re: INSURANCE INCREASE
[Re: Huntmaster]
#8733245
11/13/22 01:54 PM
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Joined: Apr 2007
Posts: 62,959
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 62,959 |
No crop, liability barely went up, main increase was on house and barn. PM Hudbone
Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, b/c they know not victory nor defeat"- #26 TR
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Re: INSURANCE INCREASE
[Re: Huntmaster]
#8733386
11/13/22 06:28 PM
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Joined: Nov 2008
Posts: 8,443
LoneStarSon
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2008
Posts: 8,443 |
Not a ranch or farm, but we've had Germania for 15 years and love them. Farm Bureau we had on a couple of properties, but they were more expensive than Germania (Germania wouldn't cover them at the time because they weren't occupied). I'd definitely check out Germania. I would probably keep the Farm Bureau membership (I think it's $50/year) just because you get GREAT discounts at hotels, on cars, etc. with it.
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Re: INSURANCE INCREASE
[Re: LoneStarSon]
#8733469
11/13/22 10:42 PM
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Joined: Sep 2004
Posts: 11,168
DannyB
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 11,168 |
Not a ranch or farm, but we've had Germania for 15 years and love them. Farm Bureau we had on a couple of properties, but they were more expensive than Germania (Germania wouldn't cover them at the time because they weren't occupied). I'd definitely check out Germania. I would probably keep the Farm Bureau membership (I think it's $50/year) just because you get GREAT discounts at hotels, on cars, etc. with it. The Ferrell Gas driver said Farm Bureau members save about a buck a gallon on propane.
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Re: INSURANCE INCREASE
[Re: Huntmaster]
#8733539
11/14/22 01:24 AM
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Joined: Mar 2010
Posts: 15,598
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 15,598 |
My Hochheim Prairie Farm Mutual policy didn't go up a dime.
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Re: INSURANCE INCREASE
[Re: Huntmaster]
#8734132
11/14/22 08:28 PM
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Joined: Aug 2011
Posts: 822
Mohawk Man
Tracker
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Tracker
Joined: Aug 2011
Posts: 822 |
I have been an Agent with Farm Bureau for 22 years . If I can answer any questions just let me know. From what I have see all companies are going up. All building materials have gone through the roof. If your policy increased $2000. You need to check roof age . It is probably showing you have an older roof on the policy.
If your properties were vacant you were paying a surcharge for that.
Our local propane provider is charging over $3.00 a gallon and I just filled up for $1.55 a gallon with Ferrell gas.
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Re: INSURANCE INCREASE
[Re: Huntmaster]
#8734163
11/14/22 08:58 PM
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Joined: Jul 2019
Posts: 15,762
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 15,762 |
Been doing this for almost 40 years, been through the RTC fiasco, 08/09 craziness and other economically "influential" times, but I have never seen a time like what we are going through right now.
Mold was close but that just affected home coverage.
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Re: INSURANCE INCREASE
[Re: Hudbone]
#8734234
11/14/22 10:21 PM
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Joined: Aug 2011
Posts: 822
Mohawk Man
Tracker
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Tracker
Joined: Aug 2011
Posts: 822 |
Why did you have to mention the M word. That was crazy! Hahaha
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Re: INSURANCE INCREASE
[Re: Huntmaster]
#8734336
11/15/22 12:06 AM
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Joined: Jun 2006
Posts: 9,225
Dave Davidson
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2006
Posts: 9,225 |
I’m about to look for a liability policy for my rural property. I recently heard about a landowner who got sued for damages by somebody he didn’t know.
Without a sense of urgency, nothing ever happens.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley, Rancher Muleshoe Texas 1892-1985 RIP
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Re: INSURANCE INCREASE
[Re: Dave Davidson]
#8735113
11/15/22 09:26 PM
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Joined: Aug 2011
Posts: 822
Mohawk Man
Tracker
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Tracker
Joined: Aug 2011
Posts: 822 |
Check with your current Home insurance provider. Some companies will extend liability from Home insurance to investment and ag property.
Last edited by Mohawk Man; 11/15/22 10:37 PM.
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