Farm buildings - always adequately insured?
1989
Strehler, K. (Landwirtschaftskammer Westfalen-Lippe, Luedenscheid (Germany, F.R.))
Different regional requirements, like compulsory insurance, monopolistic insurers and various other types of insurance, confuse farmers about existing fire insurance coverage and the benefits to be expected. The farmers must choose the applicable fire insurance according to his future farm planning. In order to guarantee sufficient insurance protection, the capital sum insured must correspond with capital value. In areas, where open competition exists, an appropriate insurance coverage, which meets personal requirements, as well as a lower rate of payment, can be achieved through clever negotiating.
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