At Stroud National Agency, Inc., we’re always looking for ways to provide our agents with the best possible insurance solutions for farmers and ranchers. That’s why we’re excited to share that Travelers Agribusiness, a trusted carrier partner for 21 years and counting, will begin offering expanded deductible options effective July 1, 2025.
What’s Changing?
- Updated Windstorm or Hail Deductible options: 1%, 2%, 3%, 4%, 5%, 7%, and 10% (expanding upon the previous 1%, 2%, and 5% options)
- Updated All Other Peril (AOP) Deductible Options: $1,000; $2,500; $5,000; $7,500; $10,000; and $25,000 (expanding upon the previous “$1,000 deductible and higher” option)
These updates apply to all new farm and ranch business written with Travelers Agribusiness in all the states where Stroud writes business with that carrier, including Texas, Oklahoma, Kansas, Nebraska, New Mexico, Missouri, Colorado, Arkansas, Wyoming, and Minnesota.
What Do Expanded Deductible Options Mean for Agents?
These updates are designed to give agents and their clients more flexibility in coverage. By refining deductible options, Travelers aims to ensure policies more accurately reflect the unique risks of farm and ranch operations. The goal is to make coverage practical, adaptable, and well-suited to individual needs.
As an agent, you’ll have greater precision when structuring policies. With these expanded options, you can more effectively align coverage with the specific requirements of your farm and ranch clients. Whether they need lower deductibles for upfront savings or higher deductibles for long-term cost management, the updated choices allow for better customization.
These improvements will help you fine-tune policies based on risk tolerance, budget constraints, and operational priorities. As a result, you can offer solutions that truly fit your clients’ needs.
Questions? Reach out!
At Stroud National, we remain dedicated to keeping you informed. We strive to provide insurance solutions that help you serve your clients effectively. If you have questions about these updates or their impact, we encourage you to reach out.
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