Farm insurance isn't always as direct and simplistic as it may seem. There are numerous types of policies, a variety of additional policy add-ons and various coverage options. In nearly all situations, farm owners need to talk to their independent insurance agent about the right combination of policies that are right for your needs. There are several specialized options to take into consideration when building your policy.
Farm insurance should provide property and liability coverage for all dwellings and structures on your property. That includes perils such as lightning, fire, windstorms and hail. It should also provide coverage for risks associated with vandalism, broken glass, identity fraud, rented property and theft.
Farm Personal Property Coverage
Damage to or loss of machinery, equipment, livestock and feed can be very expensive for companies. The right farm insurance plans can help to reduce costs associated with these risks. Blanket coverage may be a good option here. It allows you to use your farm personal property coverage up to the blanket coverage limit. Scheduled coverage is another option that allows you to pick and choose specific items to cover, such as irrigation systems and combines.
Farm Liability Coverage
Liability risks are some of the highest priority for any property owner. Farm liability coverage can protect your property and business from bodily injury and property damage you are responsible for, along with medical expenses. Additional liability options include coverage for rented or leased farmland, hunting or fishing liability, chemical overspray and property damage related to other risks.
Farm Outbuilding Coverage
This type of insurance plan provides you with coverage of outbuildings such as detached garages, barns and sheds. It is also possible to extend this plan to include other needs you may have.
Other options to discuss with your agent include farm personal property coverage, grain farm coverage and specialized policies for unique needs.
Farm insurance ranges widely from one location to the next. Select a policy that meets your specific goals and remains within budget. You can work closely with your agent to choose a policy that can provide you with peace of mind. The right combination can ensure your business is working properly and protected from risks.
Get the coverage you need. Call Insurance Agent2000 at 925-827-0510 for more information on Concord farm insurance.