Farming / Agricultural Insurance
United Insurance is proud to help New England’s agriculture industry flourish with coverage for all types and sizes of farms. In addition to covering your home, personal property, and personal liability, you can extend coverage to include scheduled or blanket farm equipment, machinery, tools & supplies, outbuildings such as barns, shops, warehouses and silos, farm liability, employers liability, limited farm pollution, cargo, and more based on your individual needs and desires.
Our team includes 4 different carriers in the State of Maine that specialize in writing farm accounts: MMG Insurance, Country Way Insurance, Rain & Hail Insurance, & Acadia Insurance.
With our breadth of experience, we can help you understand the issues that affect your coverage so you can make an informed decision to choose the type and amount of insurance coverage that fits your needs and desires:
- Are you insured on replacement cost basis or is it on actual cash value basis?
- Combines and irrigations equipment need to be scheduled and not insured on a blanket basis
- The Farm Liability only provides liability coverage for claims arising out of your farm operation.
- Need to endorse should you be contracting (snow plowing, grading, etc…) for others.
- deductible options
- loss control – minimizing claims to allow for additional credits
- insuring multiple policies with the same carrier to save money
- membership in the Maine Farm Bureau to earn credits (if insured w/ Countryway)
It is vital that you review your insurance coverage with your agent on an annual basis to be sure you have the right type and amount of coverage you feel you need.
For a professional review of your insurance, please give us a call today.Business Auto
United insures most types of vehicles, from private passenger (car/SUV/pickup) to farm trucks (equipment /service trucks, flatbeds, dump and bulk bodies), fuel trucks, tractor trailers, and more.
Put our knowledge to work to manage your company vehicles more efficiently. From information on applying lay-up credits and pro-rating farm trucks on a 2-3 months usage to avoid having to add and drop vehicles that are parked for a prolonged period of time, to information on broadening endorsements that can offer towing, rental and other services, let United Insurance keep you moving with coverage for all your business auto needs.
Umbrella
There are various types of umbrella options depending on the type of farm account. This umbrella can extend the limit of insurance over most types of underlying policies. An umbrella can provide more peace of mind knowing there may be an extra $1,000,000 or $ 2,000,000 limit over and above the underlying policies.You can pick and choose which policies to extend under the umbrella policy.
Crops while in Storage – Covers most types of crops while they are in storage waiting to go to market. Coverage is on a named peril basis, applying only in case of a fire, smoke, lightning, wind, hail, explosion, aircraft, vandalism, fallen objects, collapse due to the weight of rain, snow & sleet. Some products may offer additional coverage for debris removal and property in transit. Insures most crops (potatoes, grains, and hay).
Crop Insurance – Crop insurance is another way to manage your risk. There are a variety of crop insurance products that are available, the most common of which is the Multiple-Peril Crop Insurance (MPCI ) policy, which insures producers against yield losses due to natural causes such as drought, excessive moisture, hail, frost, wind, insects, & disease. Not all crops are insurable in all areas. States and Counties each have their own eligibility lists.
Farmers must provide production history before they can select the amount of average yield they wish to insure. This percentage can range from 50% - 75%. The farmer than selects the percentage of predicted price he/she wants to insure, between 55 – 100%. This price selection is pre-determined by RMA and changes each year. If the harvest is less than the yield insured, the farmer is paid an indemnity based on the difference.
Adjusted Gross Revenue (AGR) is another product that insures producers against loss of revenue of the entire farm rather than by an individual crop. Using information from a producer’s Schedule F tax forms and current year expected farm revenue in order to calculate a policy revenue guarantee, this plan provides protection against low revenue due to unavoidable natural disasters and market fluctuations that affect income during the insurance year.
Crop insurance products can be very complicated and are controlled by RMA. There are various deadlines for signing up for coverage, reporting productions, reporting acreage, and other factors, all of which depend on the crop and type of coverage one may request.
For additional information, visit: www.rainhail.com or www.rma.usda.gov.
For more information regarding available insurance products in your area, contact United Insurance today.
