Another rumor is that farmers must get their crop tested before they can begin harvest. [Randy] Boberg says that is not exactly true, “While that sounds great, there are not enough adjusters in the whole US to accomplish that.” He said farmers can make arrangements with their adjuster to have their grain tested in a number of ways and at different times, “In some cases the adjuster can pick up the samples at the elevator, or the farmer can leave a strip standing in the field for the adjuster to test at a later date.”Read the entire article here: Misconceptions Abound on Aflotoxin Crop Insurance Coverage.
The aflotoxin issue stresses some of the best practices farmers should follow when dealing with losses potentially covered by crop insurance, or really any insurance. These are:
- Always timely notify your insurer of a potential loss. Even if the loss in unknown, uncertain, or contingent, it is better to notify your insurer than wait too long and potentially lose all coverage.
- Your agent is not your insurer. Your agent is typically a broker, a middleman between you and your insurer. If your agent says a claim is not covered, it may pay to get a second opinion from an attorney.
- The policy language controls whether a loss is covered, not what your agent or adjuster tells you. The Hoosier Ag Today article points out that there may be many different interpretations by different insurers of the same policy language. While that may be true, those different interpretations highlight the vagueness or ambiguities that exist in crop insurance policies (and other policies). One of the cardinal rules of insurance coverage law is that ambiguities are construed in favor of coverage.
Clean and simple,with the touch of elegance Insurance
ReplyDeleteFantastic work guys I’m a die-heart fan of your web site.
ReplyDeleteinsurance law.
This is another post I will refer to again and again.Everybody like to get new something. Your described information about great person who are really has invented big thing As I have share my blog about Vacant home. There are many factors a home has to be Vacant home insurance when it is marketed. Suppliers may have to shift out before the residence is marketed, the residence may belong to a deceased friend, it may have been rented out before and the seller is unable to discover new renters, and the list goes on. When promoting a residence we tend to think it has to have all the lovely staging and furnishings so clients can imagine themselves moving right in and making it home sweet home, but that may not always be the case. There are many individuals who buy homes who are looking for vacant homes, and you’re supposed "pitfall" of promoting a vacant home may be your savior.
ReplyDeleteHaving ongoing adjustments on the application business, Statements Management Techniques (CMS) include progressed along with engineering. These types of methods include more recent functionality to provide improved solutions to be able to clients. Such situations, assessing along with choosing the right CMS for your business is seen as a difficult task. In order to help with this procedure, we adorn some simple steps as a result of which you may insurance Agents along with choose the best CMS for your business.
ReplyDelete