It’s that time of year again, when the weather prompts us to ask ourselves, am I covered? When choosing an insurance provider for your Valley® center pivot and linear irrigation coverage, it’s important to pick a company that knows and understands the irrigation business. Here are a few items to consider when reviewing your policy.
- How much coverage do you have? Many insurance policies will depreciate your machine at the time of a loss, leaving you to pay half or more for a new system. This can be costly and it’s important to know if you have replacement cost coverage.
- What is covered on your system? Review your policy with your agent and discuss exactly what is covered. Don’t wait until you have a claim to figure out if you are covered properly.
- Does your insurance company understand your business? Insurance claims always seem to happen at the most inopportune time, like in the heart of irrigation season. Make sure you’re working with a company that understands that time is important. Many companies will send an adjustor that is only experienced with roofs and cars, not irrigation machines.
Diversified Agrisurance (DAC) has been a national leader in the center pivot and linear irrigation insurance marketplace for over 40 years and we understand that having the right coverage with the right service is all part of good irrigation management. This understanding is what has helped us to become the single largest insurer of self-propelled irrigation systems in the United States. At DAC, we pay the full cost to repair or replace, whichever is less, up to the coverage amount shown for that system. We monitor center pivot prices and strive to ensure that you won’t have to worry about covering the cost for a new pivot.
DAC offers the most comprehensive coverage in the industry, covering most direct physical losses to covered property due to an external cause. Covered within our policy are acts of nature, theft, vandalism, collision with farm implements and rodent damage. DAC also offers optional coverage for damage caused by mechanical or electrical failure. In the event of a loss, we use the dealer of your choice as our claims representative. In turn, they will provide DAC with information regarding the repair or replacement of your system, allowing us to give you the fastest claims service in the industry.
Taking the time to evaluate your current insurance policy is more than good irrigation management, it’s protecting your investment. Ask the right questions to ensure there are no surprises if disaster were to strike.
Did you enjoy this article? Check out one of these next!
The Benefits of Irrigation Management and Scheduling
How to Start Using Water Management Solutions for Irrigation Management