Property caught fire

[jmayerl]

How many operations are insured? I needed to when I entered into a sugarbush leash a few years ago and it's nice to have the protection (general liability, product liability, theft, fire, even equipment failure, and my tractor). It's obviously not cheap considering my syrup revenue. This year's premium was $1100.

Ken

I pay about $1400 a year for coverage on the 24x 60 sugar house, tractor, Argo, 50k in contents, 2.5 mil in product liability.

[TapTapTap]

I pay about $1400 a year for coverage on the 24x 60 sugar house, tractor, Argo, 50k in contents, 2.5 mil in product liability.

That sounds comparable since you have a larger sugarhouse than mine. These premiums aren't really all that bad - would you insure a fellow sugarer for that amount? Of course the premium would certainly rise if you had a claim. In the end, the insurance companies make a profit.