Inflation is driving up the cost of farming equipment, building materials and labour. In this video, our Farm Insurance Specialist Gerard Bennett explains how inflation may put you at risk of being underinsured and why it is essential to keep your farm insurance up to date. #KeepingFarmersFarming


Video Transcript:

Have you considered the impact of inflation on your farm insurance policy?
We’ve all been hearing about the costs of living and we’re all impacted by that. In insurance, at claim time, this is really impacting in terms of the cost of labour and of course, the cost of materials.
With insurance, it’s really important to review your sums insured to ensure that they’re adequate, because the last thing you want is to be in a situation where you sum insured, at claim time, will not reinstate your assets.
You can always use Achmea’s Farm Insurance Checklist to help you review your farm insurance policy, but also too, to contact your insurer to review your policy.
This information is brought to you by specialist agricultural insurer Achmea Australia, as part of our commitment to keeping farmers farming.




Insurance issued by Achmea Schadeverzekeringen N.V. (Achmea) ABN 86 158 237 702 AFSL 433984. The information in this document is general advice only and does not take into account your individual objectives, financial situation or needs (your personal circumstances). This means any advice may not be appropriate for your circumstances. Before using this information to decide whether to purchase the insurance policy, you will need to consider the appropriateness of any general information or advice we give you and how it relates to your specific situation to ensure the insurance cover meets your needs and the relevant Product Disclosure Statement and Target Market Determination (TMD) available from the ‘Downloads’ section of our website For feedback and complaints, visit To view Achmea Australia’s privacy statement, visit Achmea Australia does not warrant that the information contained herein is accurate, reliable, complete or up to date, and, to the fullest extent permitted by law, disclaims all liability of Achmea Australia and its Associates for any loss or damage suffered by any person by reason of the use by that person of, or their reliance on, any information contained in this document or any error or defect in on this document, whether arising from the negligence of Achmea Australia or its Associates or otherwise.