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66. Protecting Your Ranch: Insurance Insights with Julie Davidson

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Manage episode 511839411 series 3585974
Content provided by John Haskell, Ranch Right LLC, John Haskell, and Ranch Right LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John Haskell, Ranch Right LLC, John Haskell, and Ranch Right LLC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Julie Davidson, an experienced insurance professional, joins host John Haskell on the podcast today to share her farm and ranch insurance insights and considerations for how to protect your ranch. Key insights include the importance of regular policy reviews, the pitfalls of outdated coverage, and the critical role of insurance scores in setting premiums. Julie also emphasizes the need for adequate liability insurance, including liability umbrella and premises policies, and explains the impact of claim frequency on insurance ratings.

Make sure to hit subscribe/follow so you never miss an episode!

In this episode, we cover:

  • The role of an insurance adjuster and their involvement during claims
  • Challenges farmers face when switching agents or inheriting policies from previous generations
  • Basic livestock insurance options, such as coverage for death loss on the road, and why you shouldn't rely solely on blanket coverage
  • The necessity of maintaining adequate liability coverage to prevent severe financial consequences from lawsuits
  • Several elements that influence insurance scores, such as claim frequency, credit score, and the frequency of changing insurance providers

Connect with Julie:


Connect with Ranch Right:


Resources & Links:


Mentioned in this episode:

Knowledge shared is knowledge gained. Join our friends at Ranching.FYI on their new ranching forums. Click below.

RFYI Forums

  continue reading

74 episodes

Artwork
iconShare
 
Manage episode 511839411 series 3585974
Content provided by John Haskell, Ranch Right LLC, John Haskell, and Ranch Right LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John Haskell, Ranch Right LLC, John Haskell, and Ranch Right LLC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Julie Davidson, an experienced insurance professional, joins host John Haskell on the podcast today to share her farm and ranch insurance insights and considerations for how to protect your ranch. Key insights include the importance of regular policy reviews, the pitfalls of outdated coverage, and the critical role of insurance scores in setting premiums. Julie also emphasizes the need for adequate liability insurance, including liability umbrella and premises policies, and explains the impact of claim frequency on insurance ratings.

Make sure to hit subscribe/follow so you never miss an episode!

In this episode, we cover:

  • The role of an insurance adjuster and their involvement during claims
  • Challenges farmers face when switching agents or inheriting policies from previous generations
  • Basic livestock insurance options, such as coverage for death loss on the road, and why you shouldn't rely solely on blanket coverage
  • The necessity of maintaining adequate liability coverage to prevent severe financial consequences from lawsuits
  • Several elements that influence insurance scores, such as claim frequency, credit score, and the frequency of changing insurance providers

Connect with Julie:


Connect with Ranch Right:


Resources & Links:


Mentioned in this episode:

Knowledge shared is knowledge gained. Join our friends at Ranching.FYI on their new ranching forums. Click below.

RFYI Forums

  continue reading

74 episodes

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