Farm insurance

Do most here insure all sheds to their value? I know from talking to agent that a number of people have dropped sheds to keep policy down.....

I take your point but my thinking was if you have a well built slatted shed feeding silage then storm damage is unlikely and fire unlikely....

mine was the same

Just received quote from Broker - Zurich gone up 1400e, looking for 3.75K this year.

Looks like I may need to switch back to FBD, left them about 5 years ago but from reading previous posts, they seem to be the best value these days.

But it's only the roof will come off in the storm, the slatted tank won't blow away 😀

fbd would probably be the cheapest buy you can do that and axa on line to compare

The House Insurance renewal came in today.I appreciate that rebuild costs have gone up a lot,but have factored that in over last few years so have increased rebuild cost cover accordingly.

Have the house covered with FBD,and have the farm buildings etc covered on a separate policy,also with FBD for years.
Looking at Premiums for last 5 years…..

2020 - €470

2022 - € 660

Last year - €900

This years quote - €1062

After haggling will probably get it down to an even €1000.

Just wondering are others experiencing an increase in costs of House cover this year?

say for example total cost of shed is €150k and €50k is for slatted tank and €100k above the ground, and you insure for only €100k.

Storm comes and does €100k damage above the ground - you will only get paid on two thirds of the €100k damage €66k as you only insured two thirds of the shed.

However, given the likelihood of rhr slatted tank being damaged, the premium on that bit is low compared to a hayshed for example. A call to your insurance company will explain it all.

I have the farm and house insured with Zurich through Gallagher for a few hundred more than that, how big is the house?