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If you own or live on a farm, ordinary homeowner’s insurance may not cover your property and livelihood in entirety. Farm insurance  offers comprehensive protection for properties used for agribusiness. The following guide gives a basic overview to help you decide whether this insurance product is right for you.

Who Needs Farm Insurance?

Farm InsuranceIf your acreage includes outbuildings like barns, stables, granaries or  silos, they likely aren’t covered by homeowners insurance.  Farm insurance will protect these structures and their contents. You may also need this policy type if you have livestock or horses, or if you employ farm workers or animal handlers on the property.

What Does It Cover?

Farm insurance can cover a variety of assets and liabilities, and you can also receive coverage for potential lost income. Policies may also protect against lost livestock, crops, farm equipment, and property. You’ll need to review your agribusiness’s assets with your insurance provider to identify the best policy to protect your livelihood.

Do I Need Other Insurance?

Depending on the nature of the operation and your major sources of income, you may need to purchase business insurance to protect against various types of liability claims. You may also require supplemental insurance to cover vehicles used on the farm. A qualified insurance agent will help you identify any gaps in coverage and can recommend additional products to serve these needs.

 

The first step to protecting your agribusiness is finding a provider who understands the special circumstances farm owners face. Pella Mutual Insurance Company in Marion, WI, has safeguarded farmers’ interests since 1876. With a board of directors who are policyholders, they serve the interests of their customers, not shareholders, so you can trust a hassle-free claim process and understanding customer service. To discuss your options for flexible coverage, call them at (715) 754-5039 or learn more online about the products they provide.

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