Summary of Benefits and Coverage (SBC) is a standardized document that provides a summary of the insurance coverage details and how you and the plan would share the cost for covered services. The SBC is only a summary. For more details on certain coverage details, we recommend calling the carrier directly. Typically their number is […]
Cosmetic damage exclusions in farm property insurance refer to specific provisions or clauses in the insurance policy that exclude coverage for damage that is purely cosmetic or superficial in nature. This means that if the insured property, such as outbuildings, grain bins, or other structures on the farm, suffers damage that does not affect its […]
It’s hard to believe summer has gone by so quickly. The back-to-school ads are in full swing, and families are making their yearly trek to the stores. According to the National Retail Federation, this time of year is the second biggest spend for consumers (after the holidays, of course). In 2021, it was estimated that […]
Choosing which college or university to attend can take time and effort. So many decisions need to be made. If you or your student plan to commute, that takes away some, but not all.Here are some pros and cons of commuting and some commuter tips. Pros 1. Can make college more affordable. Fluctuating fuel prices and […]
Under the Affordable Care Act (ACA), certain preventive services are required to be covered by health insurance plans without cost-sharing, meaning they must be provided at no additional cost to the patient.The ACA’s preventive services include a wide range of screenings, vaccinations, counseling, and preventive medications for various conditions. Some examples of preventive services covered […]
To safeguard the value of farm inventory, it’s important to have insurance coverage that extends beyond a blanket personal property policy’s limit during specific periods. Peak Season coverage provides additional insurance to protect inventory when its value is higher than normal. Let’s explore why considering this coverage is essential for farming business. Cost-Effective Solution: Peak […]
Picture this. You’re driving through town in your 1969 Pontiac Firebird and everyone you pass stops and stares as you go by. Now if you want them to be staring because your collector car is in impeccable condition and not because your car squeals every time you touch the brakes, please take the time to […]
Do you know what umbrella coverage is? Like an umbrella that covers your head to protect you from the rain, an umbrella policy extends insurance coverage over your home, auto(s), watercraft, and recreational vehicles, and it provides an extra layer of liability protection for the policyholder. Theresa Meyer, senior personal lines underwriter, will share some examples […]
The Affordable Care Act (ACA), is a comprehensive healthcare reform law that was enacted in the United States in 2010. It aimed to increase access to affordable healthcare for millions of uninsured Americans and introduced significant changes to the insurance landscape. Here are some key ways in which the ACA changed insurance plans:
Over time, the value of farm buildings can vary due to factors such as market conditions, renovations, or improvements. It’s important to consider that the U.S. dollar experienced an average annual inflation rate of 2.06% between 2000 and 2020, according to data from the Bureau of Labor Statistics. This means that insurance coverage needs to […]
