Fundamentals of Farm and Ranch Insurance
Presented by: Kristy A Jester, BA, MA, MBA, Agent
IA Course #105782
Fundamentals of farming- farm and ranch insurance is usually a highly customized policy. The policy starts with reviewing basic coverages, then adding specialized options, based on the needs of your client, and finally reviewing the policy with the customer. We will go over the differences between a farm and ranch policy, including how to customize the policy to benefit each client. When it comes to farming and ranching, it is essential to ask the right questions the first time in gaining the client’s trust and possible future business.
The fundamentals of farming insurance policies include how to ensure buildings, dwellings, livestock, seed, hay, tools, and equipment. You will learn how to determine when actual cash is relevant, instead of the replacement cost. At the end of the course, we will explore examples of different types of covered losses, look at an actual ISO policy, and review some case studies.