January 5, 2010 Live Asset Featured in Wines and Vines Magazine

Filed under: Vineyards — David @ 10:15 am

Unique Grapevine Coverage Draws National Attention

Live Asset Insurance earned some major industry visibility and credibility when it was featured recently in Wines and Vines Magazine’s December 2009 issue. The piece focused on the services Live Asset offers, as well as the reasons growers should strongly consider the grapevine insurance Live Asset provides.

wines-and-vines-magazine

Shortcomings In Federal Crop Insurance Plan Demands More Options

Live Asset Managing Director David Teed was interviewed for the Wines & Vines article as the leading expert in the grapevine insurance industry.

“The company focuses on protecting perennial crops — not just vines but also trees, shrubs and other plants at locations such as parks, orchards, tree farms, golf courses and even zoos. It covers the trees at the San Diego Wild Animal Park, for example, and also covers Christmas tree farms.

David Teed, managing director of Live Asset Insurance, says the company recently targeted winegrapes as well. “Government crop insurance covers grapes and raisins, but not the vines themselves. They had a pilot program in Napa Valley to cover vines, but realized they weren’t allowed to compete with private industry, so they backed off.” He claims that his service is unique.

Teed adds that the insurance companies that protect wineries typically avoid exterior assets or set very low limits on coverage; in fact, the company is now receiving referrals from some of these insurers.”