Farms come in many shapes and sizes, and each owner has their own goals. As a result, approaching farm insurance is a challenge for many individuals because of the variety of options available. To help you understand the ins and outs of this coverage style, the agents at Kirk Insurance Agency in Hansford County, TX, answer their most frequently asked questions.

4 FAQ About Farm Insurance

What Does Farm Insurance Cover?

Policies are easily customized to each farmer’s circumstances, so there are a variety of items that can be included in a plan. Most basic policies provide protection for the primary dwelling (if applicable), personal property on the site, farm-related buildings, and equipment. Each policy also includes liability coverage. Landowners can add protections for their livestock and crops.

Does My Home Insurance Coverage Extend to My Livestock?

Even if your farm is more of a hobby, most home insurance policies don’t extend their liability coverage to livestock. If a cow or goat gets out and damages another person’s property or injures someone, you’ll be financially responsible for repairs and medical bills. Farm insurance essentially combines the best aspects of homeowners and commercial policies to ensure you’re properly protected.

Do Farm Policies Cover Fences?

Fences are one of the most important components of a farm, but they’re left off of many policies. However, you can add fence protection to your plan in the form of a rider. This additional step is particularly valuable when electric gates are used, as they’re often costly to replace.

What Types of Coverage Plans Are Available?

For insurance purposes, farms are typically broken down into two categories: hobby and commercial. The style of operation has a large impact on the coverage types and limits you need, so it’s important to choose the right policy. For instance, if you have paid employees working for you, you’ll need a plan with workers compensation coverage. Share the full scope of your situation with your agent to ensure that you end up with a policy that matches your circumstances.

Whether you’re raising crops or livestock, farm insurance will keep your home and business protected. Fortunately, you can find the right coverage for your need by turning to Kirk Insurance Agency. Serving Spearman, Perryton, and surrounding areas, the agents are well-versed in the unique requirements of farm owners. Request a free quote today by calling (806) 659-2794 or learn more about the agency’s coverage solutions online.