Farm and ranch insurance is a coverage tailored specifically for farmers and ranchers.  The policy is a hybrid with both homeowners and commercial insurance elements since ranchers and farmers live and work on the same property. The policy covers the home, personal property, additional living expenses, outbuildings, scheduled farm personal property, unscheduled farm personal property, and liability coverages.  Many types of Farms/Ranches are typically covered under this policy and a few are listed below:

  • Cattle Ranches
  • Horse Farms
  • Dairies
  • Fruit and Vegetable Growers
  • Hay, Grain and Row Crop Farms

Farm Property Coverage includes coverage for the residence,  other private structures, household personal property, additional living expense, scheduled farm personal property, blanket unscheduled  farm personal property and other farm structures.

Commercial Umbrella Policy

Excess liability and umbrella liability are often referred to in the same context.  Both policies provide additional liability limits above the primary insurance policies (these are considered underlying coverage).  The common primary policies that an excess or umbrella policy sit over are; commercial auto, general liability and employers’ liability.  Additional coverages may be considered for underlying coverage, subject to the carriers’ guidelines.  However, the excess coverage and umbrella coverages are very different.

Excess coverage:  A policy which extends additional limits of liability over the underlying scheduled policy(ies).  This policy is restrictive as it is subject to all the terms, conditions, coverages and exclusions of the underlying policies and provides not additional coverages.

Umbrella Coverage:  A policy which extends additional limit of liability over the underlying scheduled policy(ies).  This policy is broader than the Excess Liability Coverage as it is subject to its own exclusions and amendments and provides broader coverage than what is covered on the underlying coverage.

Self-Insured Retention: The amount of money the insured must pay before the carrier responds to the loss.  The normal self-insured retention on an umbrella policy is $10,000.  The self-insured retention does not reduce the limit of liability when a loss occurs.

Serving the interests of our clients. Personalized support and relationships matter to us. Because we are owned by banks, we are empowered to deliver top-notch support and services able to add on additional.

Serving the interests of our clients. Personalized support and relationships matter to us. Because we are owned by banks, we are empowered to deliver top-notch support and services able to add on additional.

Serving the interests of our clients. Personalized support and relationships matter to us. Because we are owned by banks, we are empowered to deliver top-notch support and services able to add on additional.

SRK Does it ALL

Since 1979, SRK Insurance Company has been serving policyholders – protecting just about everything.