It’s no secret that people purchasing a home will also need homeowners insurance, and those operating a business require the appropriate insurance to cover that as well. However, what if you’re in the agricultural industry and your home and livelihood are blended together? That’s when it’s time to look into a farm insurance policy. Texas County Mutual Insurance in Licking, MO, helps cIients find the most suitable farm liability to protect their property, crops, livestock, and equipment according to their specific needs. Below, Texas County Mutual Insurance shares a few basics anyone looking for farm insurance should know:

• Types Of Farm Insurance: There are generally five different types of farm insurance available. These include dwelling, liability, other buildings, livestock, and crop. Each farm will require different things from its insurance depending on factors like whether or not they employ other people on the premises, how many and what kinds of animals are on the property, what additional structures there are, and if there are any crops that provide a livelihood.
• What Farm Insurance Covers: Farm liability for a dwelling typically covers the main residence as home insurance would, protecting against fires, storms, theft, and other disasters. Liability policies are insurance against bodily injury, property damage, and medical expenses for the owner and others working or visiting the farm. Other buildings refers to structures not attached to the home, such as barns, stables, and corrals. If a farm has many valuable animals, livestock insurance is important, as it will cover accidental shootings, death because of electricity loss, or drowning. Farm owners may cover animals individually or get blanket coverage to include their farm equipment. Crops may be protected against damaging hail or multi-perils.

• Who Needs Farm Insurance: Anyone who has buildings on their farm property that are used in excess of special limits set forth in a homeowners insurance policy will be considered as having commercial structures, and will need farm insurance to cover them. In addition, farms with valuable livestock and farm equipment should have them scheduled on a policy to ensure protection against major loss in the event of theft, injury, or death. Farmers who grow crops as a main source of income should also be covered for loss.

To learn more about the ins and outs of farm insurance, call Texas County Mutual Insurance at (573) 674-3125 or visit them online.