Insurance Review Checklist

Insurance Review Checklist

Take this reminder list when you talk to your agent.

Nationwide Agribusiness Insurance Company recommends farmers meet with their insurance agent at least annually. These topics may be relevant for your discussion.

Your Home
___ Additions or improvements since last review?
___ New protective devices (smoke detectors/theft alarms/deadbolt locks)?
___ New heating units (wood burning stove/fireplace insert)?
___ New construction (garages/swimming pools/new fencing)?

Household Contents
___ New major purchases
___ Jewelry
___ Firearms
___ Furs
___ Silverware
___ Other

Farm Buildings
Review adequacy of values in light of changes in re-building costs.
___ New construction since last review
___ Any planned construction in coming year?
___ Any additions or improvements to existing buildings?
___ Any new storage units (bins, silos)?

Farm Property
Review inventory with your agent.
___ Any additions or deletions from prior review?
___ Any planned new purchases during coming year?
___ Any significant changes in grain, livestock or commodity pricing since last review?
If so, you may want to review adequacy of inventory limits with your agent.

Operations
___ Significant change in volume of sales or other business activity since last review?
___ Any new partnerships, joint ventures or other business affiliations?
___ Any new acreage acquired since last review?
___ Any new acreage acquisitions planned in coming year?
___ Any additional business activities begun or planned?
___ Have you begun boarding of horses or other animals?
___ If you have employees, any change in number?

Vehicles
___ Any change in vehicle ownership or drivers?
___ Any new vehicles added since last review?

Life Circumstances
Discuss any changes in any of these areas:
___ Marriage
___ New business ventures
___ Divorce
___ Retirement/loss of job if employed off farm
___ Birth/adoption of children
___ Additional sources of income/inheritance
___ Death of family members

You'll find a link for a printable version below.

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