Archive for the ‘ Insurance ’ Category

Spring Planting – Certify Your Acres

spring planting

It is spring and soon farmers will be racking the long hours to get their crops planted. For all of the producers who carry Multiple Peril Crop Insurance (MPCI) remember that your spring planted crops have an acreage reporting date of not later than July 15th in our area. This may seem like a long way off but a combination of a later spring and busy schedules will bring up this deadline sooner than you think. I recommend that within a few days of when you finish planting your final acre you should go in to your FSA office and certify your planted acres of each crop. The same day that you certify with FSA please stop and see your crop insurance agent to also certify your acres for your MPCI coverage. When you meet with your agent you will need to have both your FSA field maps and your 578 forms. By going to FSA first you will have accurate acres and planting dates for your MPCI acreage report which will save you a lot of time in the long run.

A benefit of getting your acres reported as soon as you can in the season is that the Insurance Provider can send your Schedule of Insurance to you much earlier. This means you will have accurate information regarding your bushel and dollar coverage as well as your final premium. Having this information early in the summer undoubtedly will help you with your marketing decisions.

Have a safe and productive spring.

By: Pat Brennan, Vice-President

 

Investment and Insurance Products:

  • Are not insured by the FDIC or any other federal government agency.
  • Are not deposits of or guaranteed by a bank or any bank affiliate.
  • May lose value.

Citizens Bank Minnesota’s Website Is Getting A Facelift!

website home page

Exciting news from Citizens Bank Minnesota!

We are excited to announce that on Thursday, March 27th, we will be launching our new website! We’ll have all the same great features, just a fresh new look! You will be able to navigate to a more functional Citizens Agency site from Citizens Bank Minnesota’s home page as well.  Be sure to check out http://www.citizensmn.com on March 27th, and look through the menus and headings to get familiar with the new layout!

 

By: Sarah Seifert, Marketing Assistant

The Changes In The Health Insurance Industry And What It Means For You!

affordable health care

With January 1st, 2014 coming right around the corner, there are a lot of changes that are going to begin that day in the health insurance industry.  One of the main questions is: What are the Essential Health Benefits under the Affordable Care Act?  The following 10 essential health benefits are the minimum that is going to be required for all plans that are offered by MNsure, and for those plans that are offered off of the exchange by the health care companies; for example, Blue Cross Blue Shield or Health Partners.

  • Ambulatory patient services (Outpatient care—the kind you get without being admitted to a hospital)
  • Emergency Services
  • Hospitalization (such as surgery)
  • Maternity and newborn care (care before and after your baby is born)
  • Mental health and substance use disorder services: This includes behavioral health treatment, counseling, and psychotherapy
  • Prescription drugs
  • Services and devices to help you recover if you are injured, or have a disability or chronic condition. This includes physical and occupational therapy, speech-language pathology, psychiatric rehabilitation, and more.
  • Laboratory services
  • Preventive services including counseling, screenings, and vaccines to keep you healthy and care for managing a chronic disease.
  • Pediatric services: This includes dental care and vision care for kids

Contact Citizens Agency today to discuss this or any other insurance questions you may have!

By: Nick Hage, Citizens Agency Manager

 

Investment and Insurance products:

• Are Not Insured by the FDIC or any other federal government agency

• Are Not deposits of or guaranteed by a Bank or any Bank Affiliate

• May lose value

2013 Harvest Season

Harvesting

The 2013 harvest season is here.  During this busy season, it is important that we do not forget about farm safety.  Farmers should be checking their equipment to make sure that all safety equipment is in place – safety shields, fire extinguishers, etc.  The fall season brings us shorter daylight hours, so make sure that you have adequate lighting, flashers and reflective strips on your equipment. Most important of all, let’s all slow down on the rural highways and keep a watchful eye for slow moving vehicles and equipment.

Farm producers need to keep several things in mind when they begin to harvest their crops.  Be aware of your crop insurance coverage.  You will find that this year’s crop yields will be extremely variable.  We experienced many challenges planting the crop and then moisture was very limited during July and August.  If you notice your yields are below or near your insurance guarantees, contact your crop insurance agent immediately so that a claim can be filed.  Claims need to be filed within 10 days of harvest completion.  Please keep load records of yields from each farm and mark your bins if you are co-mingling production from several farm units.  This is important even if you are on enterprise units so that you retain that individual farm yield history in event that you change your insurance plan in the future.  Also, if you are comingling 2013 crop with carry-over 2012 crop inventory, you need to request a measurement of the 2012 crop on hand.  Without a measurement, your 2012 crop would be counted as 2013 production on 2013 crop claim.

If you need a crop appraisal in the field, you need to leave a four- row strip the entire length of the field.  You should have a strip for every 20 acres.

Once harvest is completed, report your yields to your agent as soon as possible while the data is readily available.  This year some producers may have a revenue claim on their crop insurance policy.  This may be the case in corn as currently, December 2013 corn is over $1.00 lower than the established spring price guarantee of $5.65.  If you have any questions about crop insurance, don’t hesitate to ask any of our crop insurance agents.

The harvest season gives our producers time to reflect on their equipment needs as they spend many hours in their tractors and combines.  When evaluating those needs, please consider Citizens Bank Minnesota for financing those needs.  We offer very competitive interest rates and flexible repayment terms.

All of us at Citizens Bank Minnesota hope for a safe and bountiful harvest.

By: Kevin Yager, Vice President

Investment and Insurance Products:

  • Are not insured by the FDIC or any other federal government agency.
  • Are not deposits of or guaranteed by a bank or any bank affiliate.
  • May lose value.

The value of my home on my homeowner’s insurance seems too high!

homeowners-insurance

When you get your homeowner’s insurance renewal in the mail, do you review it and ever think to yourself, “the value on my home is way too high!”  I mean the tax value or market value on my home is only this much, so why is the value on my homeowner’s insurance so much more?  Well, there are many different factors that go into computing a Replacement Cost of your home and, unfortunately, the tax value and/or market value are not one of them.

As insurance agents, we need to make sure that we have the limit on your home correct so that if you were to have a loss in the future, you are able to get all of the funds necessary to re-build or repair one of you biggest assets – your home.  So we need to gather different types of information or data to input into our Replacement Cost Estimator.

For instance, we will take the style of house (1-Story, Split-Level, 2-Story), square footage of house, the year built, does it have a basement and, if so, what percent is finished, number of bathrooms & kitchens, type of siding (Wood, Vinyl, Metal), type of roof (asphalt, metal), does it have a detached or attached garage and number of stalls, type of flooring (Carpet, Hardwood, Vinyl, Tile), wall finishing (Paint, Paneling, Wallpaper), type of heating (Gas, Propane, Electric), does it have Air Conditioning, are there any additional interior features (Fireplace, Wood Stove, Surveillance System) or any attached structures (Porch, Deck, Breezeway).

With all of this information, we are able to get a more accurate value for what it would cost today to rebuild your house with the cost of today’s labor and materials.  We never want to see a total loss on a home, but if and when we do, we want to be able to let the insured know that they are going to be able to rebuild the same house that they had with the funds that they get from the insurance claim.

Contact Citizens Agency today to discuss this or any other insurance questions you may have!

By: Nick Hage, Citizens Agency Manager

Investment and Insurance products:

• Are Not Insured by the FDIC or any other federal government agency

• Are Not deposits of or guaranteed by a Bank or any Bank Affiliate

• May lose value

Citizens Agency Open House and Chamber After Hours

Image

I would like to extend a heartfelt “Thank You” to all of the Citizens Agency clients and New Ulm Chamber Members who were able to attend the Citizens Agency Open House and Chamber After Hours event.  It was a great success with an incredible turnout.  We are looking forward to this new year and are excited to continue business with our current clients and to also build new, long term relationships with new ones.  I would like to thank Lou Geistfeld and the rest of the Citizens Bank Minnesota team for all of their support and help with the Agency event!

We were able to visit with many of our current clients who were able to attend and also with individuals from the community.  I would also like to thank Chamber Director Audra Shaneman, and Vice President of Business Affairs Jenny Eckstein for organizing the Chamber After Hours for the Agency and Topher and Mary Jacobson from Artisans At The Grand for the great food they supplied!

I am very excited to be working with the fantastic team that we have here at the Agency: Beth Walters, Deb Raschke, Apryl Folken and Terry Prange. This Agency team has over 110 years of experience in the insurance business, are very knowledgeable and committed to service.  Please stop into Citizens Agency any time with your questions. If you are not currently one of our clients, we would love to build a relationship and help you with all of your insurance needs.

Thank you,

Nick Hage – Manager/Insurance Agent

 

Investment and Insurance products:

  • Are Not Insured by the FDIC or any other federal government agency
  • Are Not deposits of or guaranteed by a Bank or any Bank Affiliate
  • May lose value

HAGE PROMOTED TO AGENCY MANAGER

Agency Manager

Nick Hage

Citizens Bank Minnesota in New Ulm has promoted Nick Hage to Agency Manager of Citizens Agency effective January 1st, 2013. Nick graduated from the University of Minnesota Duluth with distinction, in 2005, with a Bachelor of Business Administration Degree. He Majored in Organizational Management, with a Minor in Psychology. He began at the agency in July 2008 as a CSR/Insurance Agent. He resides in New Ulm with his wife Laura and children Addison, Jaxon and Jocelyn.

%d bloggers like this: