Over the past 6 months, the insurance industry has seen unprecedented changes occurring on policy renewals due to weather, reinsurance, inflation, and regulatory concerns. 

Most insurance carriers are instituting increases in premiums to combat losses that have exponentially increased over the past 2 years.  Additionally, many insurance carriers are making major changes to policy coverages which you should be aware of, including (but not limited to):

• Increased wind/hail deductibles
• “Cosmetic Damage” exclusions and exclusions to “replacement cost” coverage on roofs
• Increased scrutiny on building upkeep and condition
• Revised and stricter billing arrangements (and a resistance to reinstate policies that have lapsed for non-pay)

With all these challenges present, the need for great insurance advice is higher than ever.  Our staff is available to walk you through the changes occurring in this unique time and offer suggestions and options to make sure you’re adequately protected.  Additionally, while many other agencies are out of options for insureds, Dimond Bros. has strong connections with many farm carriers and will continue to offer you the best products and services they may have available.

If you have farm and agricultural insurance needs, know we have a team of people prepared to discuss your needs with you.  Our goal is to help you find insurance solutions that simplify your life.  Together, we’ll find relevant insurance options for you to choose from, that will help protect you and what you care about.  To request a quote or connect with one of our Farm and Agriculture Insurance team members visit https://dimondbros.com/farm-ag-services/

Scott M Jensen

Vice President of Farm and Ag Services

scott.jensen@dimondbros.com

This article is not intended to be exhaustive, nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice.