In the days before farm insurance, a farmer could experience complete financial devastation due to a single cold night that froze their crops. Fortunately, modern-day farm policies let agriculturalists across the country enjoy peace of mind. Here’s a quick introduction to what farm insurance covers and how to tell if you need it. 

Understanding Farm Insurance

What Is Farm Insurance?

Standard farm insurance policies cover ranch structures, buildings, personal farm property, liability, and farm homes. Supplemental farm insurance can be added to include crop protection, large equipment coverage, and even livestock coverage to protect against issues like the sudden death of your animals. With farm insurance, professional farmers can protect themselves against issues out of their control, such as weather irregularities, workers being injured on site, snow damage to buildings, and land problems. 

Who Needs Farm Insurance? 

Most homeowners insurance policies provide some element of farm coverage, especially if you have no intention of making a profit from your farming activities. However, if you have a large garden or a small farm and start selling some of your crops on the side as a hobby, you may need a hobby farming policy. For your farm to be considered a “hobby,” you must have no employees and your space must cover fewer than 500 acres. 

On the other hand, if you have employees and farming is a full-time job for you, farm insurance policies are an absolute must. Farm policies offer coverage for commercial structures, such as large barns that house animals. 

Protecting your home and land is important to the team at Crothers Insurance Agency in Rising Sun, MD, which is why they’re committed to doing everything they can to insure your property. Since 1933, this team of farm insurance professionals has been working with their clients to underwrite custom policies, making it easy for people to protect their financial future. Find out more about how they can help you by visiting their website or by calling (410) 658-5200.