Similar to homeowners' insurance, farm insurance covers your home, personal effects, and property. A farm insurance company typically provides a hybrid of homeowners and business coverage to farmers and ranchers. Since most farmers live and work under the same property, this solution tends to make a lot of sense. Since the property is doubly exposed, any losses can be financially and personally devastating to the owner.
How Does Farm Insurance Work?
Farm policies tend to be tailor-made for your needs. First, you begin with basic farm insurance coverage. Then you add extra options based upon the property to be insured as well as coverage needed. Many farmers will involve an insurance attorney to help evaluate the site for the most comprehensive assessment possible.
What Is Coverage for Farm Liability?
Even under the most laborious safety measures, farm accidents can occur. While farm insurance offers protection from liability, it's not considered to be optional and is part of every policy due to the dangerous nature of the work involved. It covers personal injury, medical, and damage to property. It can also cover attorney's fees spent on assessing the amounts needed for your particular farm.
Is Farm Machinery Protected by Farm Insurance?
Farm machinery protection safeguards the policyholder from financial loss or damage to their equipment and devices due to covered hazards. All types of machinery are protected by the insurance company, from tractors to field equipment. Portable watering devices, structures, and fences are generally covered as well. A farm insurance company can help protect you from economic losses regarding the loss of expensive equipment.
Does a Farm Insurance Company Protect Products and Crops?
Crops, grain, and feed products are also protected. Keep in mind that these products are insured only for storage in most cases. Crops growing and seeds planted on the property are usually not covered. These types of work-in-progress products will need to involve an additional supplement if their sale exceeds policy limitations.
Working with a trusted farm insurance company can give the peace of mind you and your family need for years to come. The dedicated folks at Enterprise Insurance Services, LLC can help you find the right policy for your unique situation. They proudly serve farmers throughout Enterprise, Daleville, Dothan, and Ozark with all their insurance needs with access to the best policies in the nation. You can find out more by calling their office at (334) 347-9133 or visiting their website for a free quote.