Farm insurance

Ours went up a bit too. But couldn't get any better.

what do you mean by replacement costs?

Have been with AXA for the last 8 years and back to fbd now. The difference of a grand. In a small farm operating is a lot. No moving on AXA

Interesting

FBD were DOUBLE axa for me last year,renewal is coming up soon ,so we will see

Just need to change company every year. Not rocket science.

Just make sure your sums insured are right. Most policies now have proportionate settlement (Average) applying eg - if x% underinsured your claim will be proportionately reduced

SCSI 2023 rebuild rates for houses plus extra for garages driveways and boundaries. (wee.scsi.ie) - they’re adjusted to allow for geographical cost variations

Shed rebuilds vary depending on finishes (slats, dry, wired or not etc) between €300-€750 per sq.m.

Know your floor areas - onus will be on you to set at the right level. Brokers won’t give a f***, no more than insurers they just want to sell a policy so most will cover you whatever you say no matter how ridiculous your suggestion is! Don’t leave yourself exposed.

Might cost a few quid extra to do it right but it’ll be far cheaper than cutting corners and getting screwed on claim settlement due to inadequate cover

I got my tractor insurance today for three tractors €1194 for the full year.

+1. Just the same with electric providers

back to FBD too for me, AXA up €650 on last year despite me having less stock on the policy. I don’t think they have the same expertise either other than the lads they poached from FBD

just got renewal quote from axa up €1100 on last year 😭

probably saying the same thing here. For simple maths, building value is €350k, but you say it’s only €300k, you will only get paid on €300k irrespective of premium you paid. So it’s your loss if that’s what you mean by wrecking your claim.

They can go a step further and make a deduction for under insurance, especially if there's an "Average" clause on the policy. For example, if you insure your 350k building for 300k, it's underinsured by 15% and they can cut your claim by his ammount. So your 300k claim could end up being c.254k.

Got my renewal today, with AXA again and its gone up 160% over 2 years. No changes or claims.. I understand rebuild values have gone up but it seems extortionate

I left a a this year also. There wasn’t huge difference but it pays to keep moving. Keep them all on their toes