New Admitted Irrigation Program from Aegis Ag: Our long-standing irrigation partner Aegis Agribusiness (formerly MARM) now has an admitted irrigation program through their partnership with Accelerant. This program supplements the non-admitted program that Aegis has had in place since 2023.
New Admitted Irrigation Program:
Launch Date: October 1, 2024
Carrier: Accelerant National Insurance Company
Coverage Type: Replacement Cost or Actual Cash Value
* ACV may be available at Insured request, not as an Insurer requirement.
Available states in our service area: Kansas, Nebraska, Missouri, Colorado, Idaho, Minnesota, South Dakota, Wyoming
The admitted program became available in Colorado effective January 1, 2025.
Existing Non-Admitted Program:
Carrier: Accelerant Specialty Insurance Company
Coverage Type: Replacement Cost
Available states in our service area: Texas, Kansas, Nebraska, New Mexico, Colorado, Missouri, Arkansas, Arizona, Iowa, Minnesota
Admitted vs. Non-Admitted:
Aegis strives to offer their admitted program to as many clients as possible. However, certain accounts may not qualify for the admitted program and be better served by the non-admitted program.
Features of Both Programs:
- Special perils, including flood, collapse, collision, theft and earthquake
- Replacement cost loss settlements – no depreciation on a partial loss – Full payment on total loss up to the policy amount of scheduled coverage
- Mechanical and electrical failure
- Standardized per occurrence deductible on all covered losses
- All irrigation risks served by Aegis Ag are underwritten by an A- IX (Excellent) Financial Strength Rated carrier from A.M. Best.
Quoting:
To start the process of quoting irrigation with Aegis Ag, please send the following to Stroud National Agency, Inc.:
- Aegis Agribusiness Inland Marine Application
- 3-year hard copy irrigation loss runs
If you have any questions regarding the quoting process, please contact Shannon Thompson at shannon @ stroudga.com or 800-654-4056 x 1008.
About Stroud National Agency, Inc.:
Stroud National Agency, Inc. is a managing general agency (MGA) offering farm and ranch, irrigation, and business owner (BOP) coverage in the states of TX, OK, KS, NE, NM, AR, AZ, CO, IA, ID, MN, MO, MT, ND, OR, SD, UT, and WY through a network of independent insurance agencies. To learn more about the benefits of working with us, please visit our Why Stroud? page, https://www.stroudga.com/about-us/why-stroud/ . To learn where you can write with us, please visit our Where is Stroud? page, https://www.stroudga.com/where-is-stroud/ .
Update date: December 5, 2024