Whether you’re a commercial or private farmer or a homeowner, you need to protect your investment. Any number of things could happen that can interrupt your life, and the right insurance will help you through those tough times. But looking for the perfect insurance can be difficult. Fortunately, Texas County Mutual Insurance of Licking, MO, has some great questions you can ask potential insurance companies as your search for the home, machinery, and farm insurance you need.

5 Questions for an Insurance Company

1. What Exactly Is Covered by My Policy?

Do you have special farm equipment you want insured? Do you have outbuildings, like a shed or barn you want to protect? There are insurance companies that will cover these. Before you settle on one policy, do some research to make sure they’ll cover everything you need.

2. What’s Not Covered by My Policy?

Makes sure this is clarified from the start. If an insurance company doesn’t cover what you need it to, there’s no point in wasting any more time with it. Some insurance companies don’t cover damages caused by flooding, earth movements, acts of war, and more. You’ll want an airtight policy that will protect you and your property.

3. What Factors Can Affect Insurance Rates?

With some insurance companies, different factors can raise insurance rates. If your property is located in a flood zone or other environmentally vulnerable areas, you may have to pay more for insurance. The type of building construction on your property might also influence your rates, as less stable structures are more likely to incur damage.

4. Will You cover My Operation as It Expands?

If you have a farm you’re planning to grow over the next few years, make sure you can add to your farm insurance policy. You may need to reevaluate your situation annually to ensure you have enough coverage. If you’ve purchased equipment or livestock in the past year, or if your workforce has grown, make sure that’s covered by your farm insurance policy.

5. How Can I Save Money on My Insurance?

A lot of insurance companies will offer deductibles when you take precautions to protect your property. You should always ask about what discounts might be available.

Whether you need mobile home insurance, farm insurance, equipment insurance, or more, Texas County Mutual Insurance will help. With over 100 years of experience, they know how to best protect their clients. With old-fashioned values and great expertise, let them tailor a policy to your specific needs. Call them today at (573) 674-3125 to get an insurance quote, and learn more on their website.