Episode-2659- Insurance for your Home and Homestead

The Survival Podcast show

Summary: Michael Walsh is a long-time listener to the show and works as a farm insurance underwriter. He is not an agent and doesn’t have a policy to sell you. His goal today is to educate us on insurance for the home and homestead to make informed decisions.  He joins us today to discuss insurance for the home and homestead Essentially, many listeners to the show have designed a lifestyle in the gray areas. They kind-of farm; if they don’t it often looks like it. They probably run a business…. well maybe it’s just a hobby. Unfortunately, insurance is designed for black and white scenarios. I’d like to educate people on how to best cover those gray areas. Michael has experience with all types of insurance including life, health and disability and we discuss a bit of that.  However his real expertise and passion is property/casualty insurance. Insuring autos is simple, but properly insuring your home (especially a homestead) is unique so we take a deep dive into that today.  This is incredibly important as for most people it is their single largest at risk investment. Some topics we hit on today include… Homeowners vs Farmowners vs Commercial Policy The proper ways to insure your homestead tractor, livestock, feed, etc. Why your agent might not “get it” and how to deal with that Chargeable claims vs non-chargeable claims (which claims raise your rates) Extra/optional coverages to look up and which to avoid Do you have the right liability for what you’re doing   Finally I just want to point out that Michael is a salaried employee of an insurance company and he doesn’t have a particular company to recommend or anything to sell.  In fact in this interview he mentions one company only due to its association with the veteran community and never even says which company he works for.  This interview is a true community member just trying to help you understand how to mitigate the risks in your life. Resources for today’s show… Follow Life With Jack on Instagram TSP Facebook Group Join the Members Brigade Join Our Forum TspAz.com Farminence – Shelby’s Website Farminence on Pinterest Farminence on Instagram Farminence on Twitter Glass Onion on SongFacts Glass Onion – The Beatles   Sponsors of the Day Safecastle Royal The Berkey Guy   Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK (866-658-4465) and you might hear yourself on the air. Join the MSB Today Want Every Episode of TSP Ever Produced? Remember in addition to discounts to over 40 vendors who supply stuff you are likely buying anyway, tons of free ebooks and video content, MSB Members also get every edition of The Survival Podcast ever produced in convenient zip files in blocks of 24. More info on the MSB can be found here.