Hail Insurance

[FarmerSmuck]

Does everyone here buy hail insurance? Do you buy from a private agent or a local insurance company?

[stonepicker]

Yep, buy it from local terminal manager.

[FarmerSmuck]

Does it help with grain movement???

[stonepicker]

It doesn't hurt.

[Partners]

Nope..Just crap insurance..

[jake550]

Waste of money.

[JDGreen]

Never buy it.

[iceman]

Jake 550,
I hope you get a airstrike in say July 15. A good old fashioned Mother Nature desiccation.

Iceman out with this fool

[farmaholic]

Past rates in one of the township/ranges we have land in indicate a higher risk of getting hail than in some others. If I'm not mistaken rates were as high as 6.4%. It has since come down. And actually we are on the southern boundary of that township/range, we were paying higher premiums because the guys on the northern end were getting nailed. ...I guess they have to use or draw the boundary lines somewhere.

[sumdumguy]

I wouldn't be without it. In 2001, we were blessed with 100% hail July 7, then again July 14. Yes sir, twice in one year. A big square baler parked at our place for the rest of the summer. Good hail insurance plus sold the hay. No crying that year, but we received about 60-70 the next year too. Only insurance adjusters from RM booted us in the sraca. Said we got too much previous year. The other company was good. Those two years would have wiped us out without insurance. Too bad SCIC went out of spot loss. Oh yeh, there is deductible insurance which makes it very affordable for SDGuys and now the multipliers on pulse crops has been reduced from a ways back. So SDG is a believer. Yuck she my!