Farm Insurance Delta County Texas

Farm Insurance Delta County Texas From An Agency You Can Trust!

Farm Insurance Delta County TexasCountry Side Insurance is a leading independent insurance agency in Texas. That means when you are looking for the great rates and coverage for Farm Insurance in Delta County Texas then our agency is the one for you.

Because we are an independent agency, we have the flexibility to search the insurance market for good pricing at any given time for Delta County Texas Farm Insurance, as well as for Farm Insurance in Hunt County, Grayson County, Denton County, Collin County, Lamar County, Fannin County, and Hopkins County.

Call us today toll free at 888-505-7550 or direct at 903-378-7300, or click below to utilize our free online quote request system:

Farm Insurance Delta County Tx – Coverage Scenario Part 2

In our last post, Jen lost two barns to a fire. When the barns were built 15 years ago Jen insured them for their value at that time of $45,000. After the fire she received $42,000 from her insurance company after $3,000 in deductibles were subtracted, but that is not the whole story.

Jen quickly discovers that the price of building those same barns today is significantly more than it was 15 years ago. The cost of labor and building materials has gone up, so that $45,000 doesn’t go quite as far as it once did.

Furthermore, what Jen failed to take into account is the fact that well-kept outbuildings like barns, shops, grain bins, hay sheds, etc. appreciate in value over time, just like houses do.

That is to say, Jen’s barns were worth considerably more money the moment before they burned down than they were when they were newly built.

In fact, over that 15 year span the two barns increased in value from $45,000 to an estimated $75,000. That’s an increase of $30,000!

The problem is that Jen did not update her coverage over the years. The two barns were still only insured for their original value.

So while Jen was fortunate to receive some compensation for the lost structures, she could have received an additional $30,000 if only she would have updated her insurance every now and then to better reflect the true value of her property.

Effectively, Jen has suffered a $30,000 loss. (not taking into account the $3,000 deductible)

What lesson can we take from Jen’s situation?

Outbuildings appreciate, so their insurance needs to be kept current with their value. As the price of materials and labor go up, so does the cost of replacing an outbuilding. Barns, shops, grain bins, hay sheds, etc. should always be insured to their full value.

Farm Insurance Delta County Texas – Have Questions About Your Insurance? Call Us!

If you have questions about your farm insurance or about purchasing farm insurance, we would love to hear from you. Give us a call and we would be happy to assist you. Our numbers again are 888-505-7550 (toll-free) or 903-378-7300 (direct).

To request a free quote electronically click any of the following links:

Farm Insurance Collin County Texas

Farm Insurance Collin County Texas – Let Us Shop The Market For You!

Farm Insurance Collin County TexasAs an independent agency, Country Side Insurance can shop the insurance marketplace for you to find great rates and coverage on Farm Insurance in Collin County Texas.

We also provide Farm Insurance in Hunt County, Grayson County, Denton County, Lamar County, Delta County, Fannin County, and Hopkins County.

Call us today to find out how we may be able to save you money on your farm insurance. Our numbers are 888-505-7550 (toll-free) and 903-378-7300 (direct).

Click any link below to submit a request for free farm insurance quotes:

Farm Insurance Collin County Texas — Coverage Scenario Part 2 – The Use of The Building Determines How It Is To Be Insured!

In a previous article we were introduced to Tom, a farmer who has just lost a detached garage to a fire and a substantial amount of farm equipment and tools along with it.

Tom filed a claim for the loss of the garage with his insurance company, assuming the structure is covered by his homeowner’s insurance.

The question we posed last time is: Will Tom’s homeowner’s insurance policy cover the damage?

Unfortunately for Tom and his family, the answer is probably not.

Why?

You may recall that the detached garage was initially covered as an extension of Tom’s homeowner’s insurance policy. This coverage applied so long as the garage was being used for personal reasons and not business-related ones, such as storing a recreational vehicle.

A farm is a business, however. The moment that Tom began to use the detached garage as a storage building for his farm equipment he effectively changed the purpose of the building from a personal use to a business use, potentially nullifying the building’s coverage under Jim’s homeowner’s policy.

Typically, homeowner’s insurance policies explicitly exclude coverage for business use and Tom’s policy is no exception.

A building used in connection with farming is not covered unless it is scheduled on the farm’s policy and a separate premium is paid. To retain coverage, Jim should have notified his insurance agency about the new use of his detached garage so that they could schedule it on his farm policy.

In other words, the use of a building will determine how it is to be insured, so make sure that you alert your insurance company of any changes in the use of a structure.

Farm Insurance Collin County Texas — Call 888-505-7550 or Click Below to Start Your Free Quote Today!

By using our simple online quote request form you can begin the process of receiving a free farm insurance quote at any time. Simply click one of the links below to get started: