Entries by kingsgateinsur

Farm Insurance 101: Margin Protection

Margin Protection (MP) coverage is designed to protect against unexpected decreases in operating margins and can be purchased annually for crops such as corn, rice, soybeans, and spring wheat in select states and counties. Here’s how it works: Expected Margin = Expected Revenue (Yield × Price) – Expected Costs An MP indemnity is paid if […]

Nine tips for parents to beat back-to-school stress

Another summer is ending. It’s hard to believe how fast it went by. I hope you’ve enjoyed time with your family and friends and found time to relax. Unfortunately, back-to-school time means chaotic schedules, congestion on roadways, and added stress. Depending on your children’s ages and their involvement in extracurricular activities, the chaos might have […]

Understanding the impact and aftermath of hail damage

A severe thunderstorm can roll through your neighborhood, bringing lightning and damaging wind, while nearby there could be hail damage. Regarding unpredictable weather, hail and the damage it creates fits the bill. So, how is hail created? Hailstones are created when raindrops are forced upward by thunderstorm updrafts into the cold atmosphere. As hailstones collide […]

What is an SBC?

Summary of Benefits and Coverage (SBC) is a standardized document that provides a summary of the insurance coverage details and how you and the plan would share the cost for covered services. The SBC is only a summary. For more details on certain coverage details, we recommend calling the carrier directly. Typically their number is […]

Farm Insurance 101: Cosmetic Damage

Cosmetic damage exclusions in farm property insurance refer to specific provisions or clauses in the insurance policy that exclude coverage for damage that is purely cosmetic or superficial in nature. This means that if the insured property, such as outbuildings, grain bins, or other structures on the farm, suffers damage that does not affect its […]

What is considered “preventive” services?

Under the Affordable Care Act (ACA), certain preventive services are required to be covered by health insurance plans without cost-sharing, meaning they must be provided at no additional cost to the patient.The ACA’s preventive services include a wide range of screenings, vaccinations, counseling, and preventive medications for various conditions. Some examples of preventive services covered […]

Farm Insurance 101: Peak Season

To safeguard the value of farm inventory, it’s important to have insurance coverage that extends beyond a blanket personal property policy’s limit during specific periods. Peak Season coverage provides additional insurance to protect inventory when its value is higher than normal. Let’s explore why considering this coverage is essential for farming business. Cost-Effective Solution: Peak […]