While many people believe that only the rich get to be insured, the truth is that most people are self-insured. I’ve had people tell me that they’ve never had to file a claim and then tell me that they’ve had to file a claim once and they’ve had to pay a ton of money.
In America, its a little like the mafia. Most people are self-insurance, meaning that they can choose to pay the money in full at the end of the month rather than wait until their next paycheck. However, most people don’t. So they file a claim and hope to get what they need by the time it comes due. This is why national general insurance jobs are a little like the mafia. They want to make sure you have some money when it comes due.
In 2010, the National General Insurance program was created to provide assistance to farmers for claims. Since then, the program has expanded to cover a group of farmers with a similar business situation. However, that’s not all. The program also provides an administrative benefit to insurance companies, allowing them to cut down on claims without paying out the money. Also, the program is funded by insurance companies, so its a win-win situation for everyone involved.
The program covers two counties: South Carolina and Tennessee. Both are rural areas, though the two are very different types of farmers. The South Carolina farmers are part of the State Farm program which insures farms that are unable to pay their debts. While these farmers may have no income, they are covered by insurance. The Tennessee farmers are part of the Federal Farm program. These farmers are not in arrears, but may not have the financial wherewithal to pay their bills.
The federal program was created in 1910, and the South Carolina program was created in 1930, so the first program was created in a rural area while the second was created in a more urban area. The federal program was created to help rural areas with the agricultural losses that would happen due to the huge amount of grain that would be lost to the winter cold.
This is true, but this also means that the federal farm program is better suited to rural areas with less population density. If you live in a suburban town, the local farmers may have the resources to pay their bills, and they may also have the ability to hire a person to come in and make sure that the crops are not going to cause any problems.
I guess that’s all well and good, but as someone who has lived a few years in rural areas, I am constantly surprised by the number of people who don’t know about the federal crop insurance program. The main reason I’ve heard people say they don’t know about this is because no one ever mentions it when they talk about the local farmers.
I’ve been told that farmers sometimes have no idea how insurance works since they live so far away from the farm. But when I talk with people who work on farms, I always find out that the farmers have the same insurance as everyone else.
In my area, the federal crop insurance program provides $80,000 in coverage (one year) and $80,000 in coverage (the next year) for each crop that is planted. Not all farmer jobs are offered the same kinds of coverage, so you likely will not get all the benefits you can get in one job, but you should probably still check out this program.
One thing that is often overlooked is the fact that you can get federal crop insurance with other benefits (and a few perks) that you can’t get in your own state crop insurance program. For example, the federal crop insurance program offers $5,000 in crop insurance each for each family that has two children under the age of 19. That same program will pay $5,000 in crop insurance for each child of 19 and below.