Share:

Even small-scale farming represents a significant investment of time and money, all of which a single hail storm or wildfire can wipe out. Farm insurance provides a layer of protection over all your activities, giving you the resources to recover from even the most severe disasters. If you run an agricultural operation, below are a few aspects you should know about this valuable coverage.

What You Should Understand About Farm Insurance

1. Even Gardens May Need Coverage

Hobby farm policies are designed to protect small hobby operations from losses due to severe weather, theft, or vandalism. Even if you grow vegetables in your backyard to sell at a local farmer’s market, you may need a farm insurance policy to protect your assets.

2. Farm Insurance Includes Liability Insurance

Agricultural operations are farm insurancelegally liable if a contaminated product gets someone sick. Farms open to the public expose themselves to additional lawsuits caused by accidents on your property. Liability insurance will cover any valid claims, as well as the costs of your legal defense.

3. Farm Policies Are Customizable

Unlike homeowner’s policies, farm insurance is not a standardized package of options. You will select the coverage you need without paying for insurance you don’t, allowing total customization to your needs.

4. Premiums Encompass a Variety of Factors

The cost of insuring your farm varies due to a wide range of factors, including the value of your equipment and local weather patterns. Understanding how insurance companies calculate your premiums allows you to take steps to lower costs without sacrificing coverage.

5. Animals Require Additional Coverage

Livestock is a valuable investment, but it also puts your home at additional risk. If your farm has animals, farm insurance can protect you from loss due to accidents and disease, as well as damage caused by your livestock. This type of insurance is especially useful if the public is allowed to interact with the animals, and covers you if someone is accidentally injured.

 

For over 40 years, Taake Insurance Agency has helped farmers throughout the Columbia, IL, area protect themselves from the unexpected. Their agents give every client the attention and personalized coverage they deserve and need. To request a free farm insurance quote, visit their website now or call (618) 281-7656 now.

tracking