When you run a farm, it’s important to realize your risks are constantly changing. There’s a chance that, when you first bought your farm insurance policy, you didn’t have all the crops, livestock, or equipment you own now. As your assets increase, so should the limits on your coverage, or you could find yourself significantly underinsured. In the event of an unexpected loss, this would leave you responsible for a great deal of out-of-pocket expenses. This is why it’s crucial to make sure you’re adequately covered long before a loss occurs.

The best way to avoid finding out you don’t have enough farm insurance is to review your policy with your agent on an annual basis. They will go over your current coverage with you and look for any gaps indicating you’re insufficiently insured. It’s best to have them come out to your farm, so they can properly assess the value of your property and other assets in person. It’s especially important to reconsider your coverage if you’ve recently built any new structures on your land, purchased farm equipment, started growing additional crops, or hired more employees.

You can also ask your insurance agent if your provider offers any policies that make automatic adjustments whenever construction value changes. This means, at the time of renewal, your coverage would be automatically modified to accommodate for current construction costs in your area. Your agent can look into this option for you.

There is no one-size-fits-all policy when it comes to farm insurance, so it’s important to go over every aspect of your unique needs to ensure you’re covered appropriately. For residents in northwestern Wisconsin, Barron Mutual Insurance Company is the top place to find high-quality insurance products and a team of experts who take customer service seriously. They have proudly served the community for well over a century and continue to be committed to helping clients get the best deals on coverage. Contact the Barron County agency at (715) 537-5141, or visit them online for additional information.