All Things Habitat - Lets talk.....
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Hunting land insurance?
- Thread starter Bill
- Start date
M
MoBuckChaser
Guest
I use farmers mutual out of Missouri for our Missouri farms. My liability policy and home owners policy is pretty well priced compared to up here in MN
My guy is about half way between your place and mine Bill. He may be worth a call.
http://tonybaxterinsurance.com/
My guy is about half way between your place and mine Bill. He may be worth a call.
http://tonybaxterinsurance.com/
Last edited by a moderator:
Tree Spud
5 year old buck +
Use your agent who understand your whole financial situation. They can add a rider to your current policy. Have your agent explain what you are insuring against.
What you are effectively insuring is against liability in the event someone sues you against your assets.
We have a $5 mil policy that is about an extra $400/yr.
WTNUT
5 year old buck +
Bill you should be able to get a general liability umbrella policy from whomever sells you your auto and homeowners. I would try that first.
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I use All Auto for my land insurance. Got it through my insurance agent who handles all my other insurance. It is a $1 million umbrella general liability policy and costs around $300. I am not giving my land to someone who has an accident on it, especially someone who might be a trespasser or other nefarious character.
I have found that most companies offer a policy for liability.I do know that there are different laws for different states.Such as in Kansas I was told that the landowner will need to file trespassing charges against a person that and gets trespasses and gets injured and I have seen this done when a hunter that was trespassing fell out of a tree.I also insured my ranger with same company
yoderjac
5 year old buck +
Bill,
Big difference when you don't live on the property. We have our liability insurance through the same place as you. We could not find fire/theft for the barn and equipment at the time so we've been risking it in that area. One of my LLC partners deals with the insurance. He said he has a line on something through the farm bureau that might offer fire/theft in addition to the liability. He is looking into it deeper but has not reported back yet.
Thanks,
Jack
Big difference when you don't live on the property. We have our liability insurance through the same place as you. We could not find fire/theft for the barn and equipment at the time so we've been risking it in that area. One of my LLC partners deals with the insurance. He said he has a line on something through the farm bureau that might offer fire/theft in addition to the liability. He is looking into it deeper but has not reported back yet.
Thanks,
Jack
Boll Weevil
5 year old buck +
As well, might inquire about timber insurance if you have assets tied up in this regard. Arson, ice, beetle, wildfire, wind damage...tough to find a super great policy but there are decent policies that might be worth considering.
Bill
Administrator
Thanks for the ideas. One part I left out is that I lease land. With the old policy I could add this land and the owner to the policy so he had the warm fuzzy's.
Guess it's something I can ask
My agent. Worst case it looks like the NRA offers a policy similar to what I had that allows for a lease and the owner.
Guess it's something I can ask
My agent. Worst case it looks like the NRA offers a policy similar to what I had that allows for a lease and the owner.
wiscwhip
5 year old buck +
Just curious Bill, and not sure exactly "how" you meant this ^^^, but exactly how is the NRA's policy a "worst case" scenario? Could you explain? Something sketchy in the coverage?
M
MoBuckChaser
Guest
Its missouri, lot of lazy bastards there, maybe he is one of them!
All I can say is he has done me good!
Bill
Administrator
Guess I worded that wrong. Not worst case at all. I guess more of a fall back if the company I currently use doesn't offer what I need. What I need is coverage on my land and land that isn't mine, coverage for the other landowner and coverage for hunting related activities.
I have no fear that any of my guests would sue. But they have wives. Then thier are lawyers representing trespassers.
MN Slick
5 year old buck +
He must be content from the big commissions he makes from all your holdings, hehe!
yoderjac
5 year old buck +
Ever heard of the phrase "attractive nuisance". We have great recreational liability laws as well. They don't stop folks from suing and litigation, even if you prevail, can be expensive.
Farmer runs a strand of barb wire. Trespassing kid on ATV is severely injured. Lawyers argue the farmers pond was an attractive nuisance and the kid on the ATV couldn't read and the farmer intentionally strung the barb wire in a way to easily injure someone on an ATV and did not provide flagging to warn the barb wire was there.
Just an example. It doesn't matter if the farmer would prevail. There is enough there for some attorney to take a gamble and litigate on contingency. Without out insurance to cover the litigation cost, the farmer still loses. To my way of thinking anyone with assets to lose and who owns land (just home or acreage) should carry liability insurance.
Thanks,
jack
