Problem is if it was more acres would they receive a bill?
@FmhInsurance3 ай бұрын
Thank you for the question! We typically find that precision recorded acres are less than FSA acres, and while both types of records are acceptable to use to adjust a claim, accuracy is beneficial in the long-run. Ideally, policyholders utilize precision data to report acres at the start of the year, but in this scenario, FSA 578 acres were used, so had their precision planting maps reflected a larger amount of planted acres we would not issue a supplemental bill as liability generally cannot be raised at the time of loss.
@trevorfroehling43406 ай бұрын
I am a independent agent in Eastern IL and I think we may see some sizable payments in 24 for the 23 year with a $1.23 difference in price
@JamesLongOnGoogle Жыл бұрын
I love seeing you all explain and expand, but if your target is farmers you need to explain concepts like “admitted” and your acronyms. And you might put the use the phrase “insurance brokerage” instead of just “brokerage” because I watched the video thinking you all had started a commodity brokerage…