Farm Insurance Liability

[GDR]

Not really sure about the umbrella thing. I am with two different companies for each of the policies. I don't think a shell company would work because I think they can come after who ever owns a company.
Nobody is saying what their liability is at. Am I way lower or higher than most, just wanted to get a feel for what others are doing? I am assuming most are only at 1 mill for vehicle and 2 mill for farm but who knows.

I'm 2 mill on everything, perhaps on the low side in AB.

Put all your insurance with one company, no question. Umbrella just a cheaper option plus expands coverage in some cases.

Doubt really that a corp is gonna shield much if a serious event were to happen, executives/principles will also be named.

[sumdumguy]

I feel that 5 M across the board would be minimal, should some one be paralyzed in a fall or an accident on your property. When a young person was paralyzed in late 80’s, word about was 3 million settlement.

That is one reason we disallow hunting on any of our property. If we allow gunfire from our property that can fly 3 km. we are opening ourselves up for big problems. What is the life of a father of five worth? If you need a good lawyer, call every lawyer you can. Google best lawyer for your particular need. Ask them in detail how they would defend you. Only after you have the plan and the cost pinned down, pick the best one, maybe two. The best lawyers don’t cost anymore than the duds. DYODD and don’t be shy. And pick Tort Coverage at SGI so if you are a victim, you can sue. “Without Prejudice”.

[Old Cowzilla]

My agent told me the other day that there is such a thing as a good credit score discount. Seems they noticed that people with money issues have more things burn or disappear . Who no's maybe get better coverage and a discount at the same time.