Peak Season coverage provides you additional protection during those times of year that you may have a higher-than-average inventory of certain items on your farm.

Several uses for Peak Season coverage are:

• Seed
• Fertilizer
• Chemicals
• Stored grain
• Additional livestock

Through the proper use of Peak Season coverage, you’ll no longer be paying for higher coverage limits that may not provide value throughout the year, but only when it is required. Without this coverage, you may find yourself fluctuating between being under-insured or over-insured—neither of which are beneficial to you. It’s best to let your insurance program do the work and provide higher limits automatically when you need them.

Peak Season coverage makes it easier on you too, as you won’t have to add and remove coverage whenever your inventory changes. Adding Peak Season coverage to your farm insurance policy is simple, and is something that should always be discussed with your farm insurance advisor when initiating your new protection plan and with each renewal, so any necessary adjustments can be made based on your future plans for your farm.

In order to account for adequate coverage, you need to know what time of year you will have an abundance of certain items. This includes, among others, seed, fertilizer and other chemicals, livestock, and stored grain after harvest. You choose the limits, you choose the time of year when you need extra protection, making Peak Season coverage a fully customizable solution for your inventory’s protection needs.

If you’re unsure of when to plan your additional protection, take a look at your records over the past few years. You may notice patterns forming. You can use that information to determine both the date ranges you’ll need Peak Season coverage, as well as the additional limits required to provide adequate coverage.

When factoring the range for your Peak Season coverage, allow for any unexpected delays you may experience throughout the year. This can include changes in weather patterns or storing your grain for a longer period of time to take advantage of higher market prices.

Your farm inventory is valuable. Peak Season coverage provides a simple and cost-effective solution for the periods when you may have an abundance. Thinking of adding Peak Season coverage to your farm insurance plan? Contact your Agribusiness and Farm Insurance Specialist at Richey-Barrett Insurance to discuss the best way to seamlessly add this valuable coverage to your program and enjoy the added peace of mind that it provides.