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Palm tree removal can cost anywhere between $100 and $1,800 depending on palm size, tree condition, labor, location, and the amount of prep work involved. With the necessary skills, a DIY palm tree removal for trees shorter than 15 feet can lower costs. However, it’s generally recommended that you hire a palm tree expert for tree removal.

Consumers typically do not need to worry about the cost of tree insurance, as professional tree service companies pay for their own coverage. For a tree service business, an average U.S. policy covering about $1 million in general liability costs roughly $40 a month or $500 a year. More extensive policies, providing between $500,000 to $2 million in coverage, can cost between $3,000 and $6,000 annually, depending on the company's size and scope of work. Tree service professionals should speak with an insurance company to determine the right plan for their business.

You can use herbicides to prevent roots from growing without killing the tree itself, however they must be used with caution. Systemic herbicides are absorbed by the root and can kill off problematic roots. However, herbicides can sometimes negatively impact nearby plants, so the solution is best used sparingly.

If you’re wondering whether you can plant a tree where the stump was removed, know that the soil conditions won’t be ideal, so you should avoid it. The soil beneath the previous tree will likely be depleted of nutrients, plus there may be roots left behind that will seriously hinder the growth of a new tree. Also, if you use salt or other chemical solutions to kill the stump, these can linger in the soil for months or even years and prevent healthy growth. It’s best to choose a different spot that’s at least three feet away for a new tree, or wait at least a year and thoroughly amend the soil before you plant.