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Farm And Ranch

To become a producer for this line of business, please fill out a producer agreement.


Market Overview

MarketScout has partnered with industry leading Farm and Agribusiness carriers providing the most innovative and broadest coverages available at competitive pricing.  Work with MarketScout’s Farm and Agribusiness Specialists to customize coverage in protecting your clients’ assets and needs in addition to boosting agency yields with collateral business to strengthen retentions. 

 

 


Coverage Parameters

·         Midwest Wind & Hail Deductibles

·         Target operations with premiums up to $35,000

·         No vacant properties

·         No Mobile Home properties

·         $10,000,000 TIV per location maximums

·         $2,500,000 dwelling maximums

·         TX – tier 1 and East Coast within 15-25 miles unacceptable

·         Apps every 5 years

·         Cost Estimators on $100k or greater structures

·         Inspections for $500,000 or greater dwellings and most equine operations 

·         Premium audits: NY - $1,500 or greater; $2,500 or greater all other states

 

Types of Farms and Ranches:

·         Equine Operations

·         Hobby Farms

·         Dairy Farms

·         Grain and Other Crop Farms

·         Small to Mid-sized Hog Confinements

·         Hay Operations

·         Vegetable, Fruit, and Nut Operations

·         Cattle Operations

 

Coverages Offered:

·         Dwelling & Contents

·         Farm Barns & Outbuildings

·         Recreational Vehicles

·         Hay, Tack, Feed

·         Machinery and Other Equipment

·         Automobiles and Farm Trucks

·         Livestock

·         Personal Property and specifically scheduled items of value

·         Umbrella liability

·         Liability

·         Customized Coverages – Standard, Select, Select Plus

-          Liability Limits and Coverages

-          Extended Replacement Cost

-          Replacement Cost – Contents

-          Pollutant Cleanup and Removal

-          Farm Extra Expense

-          Livestock Care, Custody, and Control

 


Commission Schedule

Farm/Ranch Package – 12.5%

Commercial Auto – 7.5%

Umbrella/Excess – 5%

 

 


Application Requirements

MarketScout Producer Agreement required along with E&O verification and respective state license(s). No premium volume requirements and we consider on-off submissions. We operate on an ‘open market’ basis.

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