Do I Want to Insure Irrigation Equipment Separate from My Farm Blanket?

Why Separate Insurance Matters

You asked: Do I want to insure irrigation equipment separate from my farm blanket? If so, why?

We answered: Yes! It is wise and cost-effective to insure high-ticket items and higher-risk items with a different insurance company. If you have a stand-alone pivot policy and experience a loss, this will not increase your farm policy premiums. In fact, it can prevent many insured items from increasing in cost, and in some cases, it can even stop the cancellation of your entire farm policy!

Understanding Farm Policy Concerns

You asked: What is the biggest concern with most farm policies?

We answered: Any payments made for losses are based on depreciation value. The loss of value considers the age and wear and tear on the equipment. Farm policies will pay you not based on completed repairs (labor and materials), but rather the current market value—similar to a resale value—of your aging pivot.

Coverage Provided by Montana Valley Irrigation

You asked: Because my farm policy is different from pivot insurance, what losses are covered through Montana Valley Irrigation’s pivot insurance?

We answered: The Replacement Cost Coverage (not depreciation) covers the cost of repairing your system or replacing your damaged unit with a new pivot system for the following losses:

• Wind

• Tornado

• Hail

• Fire

• Lightning

• Flood

• Collision with Farm Implements

• Rodent Damage

• Theft

• Vandalism

• Malicious Mischief

• Mechanical/Electrical Failure

• Ancillary coverage extends to the Pump, Panel, Rotophase, and even your Riverscreen.

  
  

Additional Benefits of Montana Valley Irrigation Insurance

You asked: What other benefits does Montana Valley Irrigation insurance provide me?

We answered: Great question! You have trusted irrigation experts as your insurance adjusters! We advocate for you, assess the damages, complete and submit loss insurance documentation to the insurance company for you, and handle all repairs, eliminating delays. We’re here to ensure everything is thoroughly checked and fixed so you can get back to running smoothly and efficiently!

The Importance of Insurance in Agriculture

Insurance is a crucial component of any agricultural operation. It protects your investments and ensures that you can recover from unexpected events. In Montana, where weather can be unpredictable, having the right coverage is essential.

Protecting Your Investment

Investing in irrigation equipment is significant. These systems are vital for maintaining crop health and maximizing yields. By insuring your irrigation equipment separately, you safeguard your investment against various risks. This proactive approach can save you money in the long run and provide peace of mind.

Understanding Your Policy

It’s important to fully understand your insurance policy. Knowing what is covered and what isn’t can make a big difference when it comes time to file a claim. Be sure to read the fine print and ask questions if anything is unclear.

The Role of Experts

Working with experts like Montana Valley Irrigation can make the insurance process smoother. We know the ins and outs of agricultural insurance and can help you navigate your options. Our team is dedicated to ensuring you have the best coverage possible.

Conclusion

In conclusion, insuring your irrigation equipment separately from your farm blanket is a smart move. It protects your investment and ensures you’re covered for a variety of risks. With Montana Valley Irrigation, you have a trusted partner by your side, ready to support you every step of the way. Let’s work together to keep your operations running smoothly and efficiently!

Remember, when it comes to insurance, knowledge is power! Don’t hesitate to reach out to us for more information or to discuss your specific needs. We’re here to help you thrive!