Davis-Garvin Agency, Inc.

Standing Timber Insurance

Waiting for a few things to blow over...

You've got a lot invested in your standing timber: time, money, labor, and worry. It takes all those things and more to be a successful farmer these days, whether you're growing pine trees or pineapples.

Davis-Garvin has designed an affordable standing timber insurance program that can remove the worry and help protect your valuable investment by transferring some of the risks normally associated with timberland ownership. Risks like: wind, flood, ice, theft, lightning and fire to name just a few.

This kind of insurance plan can do more than simply let you rest better at night; it can let you borrow against an insured timber asset. So, when you see a financial opportunity, you can take advantage of it. In some cases the premiums may even be tax-deductible.

So don't wait around for things to blow over. Call Davis-Garvin and find out how you can protect your timber asset with our Standing Timber Insurance Program.

Standing Timber Insurance Program

Purpose
The Davis-Garvin Agency has developed this standing timber insurance program to provide insurance protection for timberland investments. The program is designed to transfer some of the risks normally associated with timberland investments.


Deductible

Each claim covered will be adjusted separately and from the amount of each adjusted claim a deductible of 5% of the total value per risk insured or a minimum of $500 will apply.

Timber Valuation

Merchantable Trees - The basis of the loss valuation will be the market value of the salable trees at the time of the loss, less any salvage amounts. The landowner/timber manager will determine the value to be placed on the trees for premium determination.

Non-merchantable Trees - Value will be based upon the costs of site preparation, planting and maintenance, plus 7% per annum compounded annually.

Rating Stucture
Premium is based on the estimated value of the timber at the policy inception. Rates per $100 of value.

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Davis-Garvin Agency, Inc. · Toll Free: 1-800-845-3163 · Fax:1-803-781-6712 ·
Email Us: Info@DavisGarvin.com