If you have a farm, whether you own the farm and rent it to someone, or work the land yourself, there are a number of risks associated with farming. When you own and operate a farm, you essentially tie together your personal and professional assets.
There are a vast array of farm insurance policies that can protect you and your family – from loss of use and household personal property protection to personal and farm liability.
Protecting Your Assets
Owning a farm is a great responsibility and a powerful asset, but it also comes with great risk.
Many farmers experience crop or livestock loss at times due to extreme weather conditions, such as drought or flooding. It depends on the type of farm that you operate and what you grow, cultivate, or raise on the farm that will determine what levels of coverage you should consider.
Most farms have several buildings and structures as well as machinery such as tractors. You will want to look at all aspects of farm insurance and choose the coverage that best serves your needs.
- Owner occupied dwelling
- Additional household and personal coverage
- Optional coverage for home and personal property
- Loss of use
- Scheduled farm personal property
- Unscheduled farm personal property
- Losses insured
- Optional farm loss coverage
- Farm structures and buildings
Under each of these aspects are many different options, including for example loss of earnings, crop dusting, and more.
In order to fully understand the various coverage options, it’s best to speak with a qualified insurance professional who can walk you through each policy and coverage option. Your farming plans or needs will likely differ from another farmer’s needs.
Contact James~Campbell Insurance Brokers to gather the appropriate information about what farm insurance options are available for you and your family today.