Farm Insurance 101: Review Your Building Value

From market swings to new renovations, the worth of buildings can change quickly.

Inflation and Market Trends: A Fun Fact

After years of low inflation around 2%, the US experienced a sharp spike in recent years. As the value of currency changes, so does the value of your assets. To keep everything covered, it’s important your insurance matches these shifts.

The Magic of Regular Reviews

Just like you regularly check on your crops and livestock, it’s smart to review your building insurance coverage. This way, you’re always in the know about the current value of your structures, protecting you from the risk of being underinsured. Staying ahead means fewer worries and faster recoveries if something unexpected happens.

Your farm is always growing and changing, and your insurance should, too! Whether you’ve built new structures, expanded your land, or added new ventures, keeping your coverage updated is key.

Don’t wait for a claim to review your insurance, check your policy today.

To learn more about the insurance products available for farm risk management, reach out to Chelsea Heatherington at Kingsgate Insurance.

Chelsea Heatherington, Farm & Ag Specialist

Call or Text: 515-302-8400

Email: chelsea@kingsgateins.com