Blog Layout
Everything You Should Know About Farm Insurance
Writer • Sep 21, 2021
Whether you have a large farm with livestock or a small operation where you sell some produce at the farmers’ market, you should consider investing in farm insurance.
What exactly is farm insurance, and what are the benefits of farm insurance? This post will cover everything you need to know.
What are the benefits of farm insurance?
Before we get too deep into the intricacies of farm insurance, let’s cover the perks of having it. These are a few reasons to consider buying farm insurance:
- Equipment protection: All of the heavy equipment required to run a large farm is quite expensive. The last thing you want is to lose it during a natural disaster. Farm insurance can cover the replacement cost of machinery or pay for repairs. Keep in mind that farm insurance usually doesn’t cover damage due to negligence.
- Product protection: Your seeds and grains are covered under many basic farm insurance policies. For example, if a fire destroys your seeds or other farm products, your insurance company will pay you back for your lost products. Keep in mind that the policy does not cover these products once they’re planted.
- Liability coverage: Unfortunately, farming accidents are all too common. The best way to protect yourself in the event of an accident is to pay for farm insurance. This will safeguard against any lawsuits and can provide medical coverage for injured individuals.
Some facts about farm insurance
The insurance industry is full of different facts that many farmers don’t know. Here are a few interesting things to know if you’re wondering, “Do I need insurance for my farm?”:
- Your homeowner s insurance policy might be enough: Thankfully, your current homeowners insurance policy may cover your farming activities if you only do it for a hobby. So if you don’t intend on making any real money from your farming activities, you may not need to pay for farm insurance. But to be safe, talk to our pros to make sure you’re fully covered from potential disasters or theft.
- For-profit farmers need a different policy: Hobby farmers and for-profit farmers need different policies, especially if farming is a full-time job. Hobby farms must meet certain criteria, including being under 500 acres and not having any employees.
- Farm insurance coverage isn’t standard: One big misconception is that all farm policies are the same. Each farm is unique, and so is each farm insurance policy we provide. Your agent can build a policy that meets all of your farm’s needs to ensure you’re protected.
- You need special coverage for livestock: Livestock typically isn’t covered under standard farm insurance policies. Your two options for livestock insurance are individual coverage and blanket coverage. Individual coverage protects each animal under a separate policy, while blanket coverage protects your entire herd, equipment and more.
Contact our pros today
If you’ve asked yourself, “Do I need insurance for my farm ?” and determined that the answer is yes, then talk to our team at Harvey Sarles Insurance Agency. We’ll work with you to create a policy that fits your exact needs.
How Does Speeding Affect Car Insurance? Speeding tickets are one of the most common types of traffic violations. Whether or not your premiums go up after getting a speeding ticket depends on the company, your driving record and the violation. Regardless, having a good driving record is a great way to keep your car insurance […]
Top Reasons Why People Buy Life Insurance Most consumers want to ensure their family members are taken care of financially when they die. And life insurance is one way to help them do that. Final Expenses Many people buy life insurance because they want to help their family members pay final expenses after their death. […]
With RV travel season in full swing, it’s important to be aware of some key safety tips. Danger never takes a vacation, so stay safe while on the road and enjoy your family’s trip courtesy of Harvey Sarles Insurance Agency. 1. Wear Your Seatbelts The National Highway Traffic Safety Administration (NHTSA) has a great list […]
If you’re a homeowner, it’s important to understand how to keep your family safe from carbon monoxide poisoning. After all, it’s a dangerous gas that can incapacitate people within minutes at high levels. Get Carbon Monoxide Detectors! One of the best ways to keep your family safe from carbon monoxide poisoning is by installing a […]
You will need to familiarize yourself with property taxes and how they work if you own a home. Here is some helpful information about such taxes so you will be well-educated. A Tax Assessor Calculates Your Property Taxes If you were wondering who the person is who calculates property taxes, the answer is the tax […]
A fireplace is a lovely and convenient addition to any home, and you are fortunate to have one. However, you must always stay aware of the most essential fireplace safety tips for homeowners. Here is a list of some smart practices you can use to ensure that you and your family remain safe when using […]
As if putting your life and limb at risk isn’t enough, a car accident can also cause big financial problems with property damage and medical expenses. That’s why motorists are advised to have medical payments coverage policies on their insurance. What is Medical Payments Coverage? Medical payments coverage takes care of any expense that might […]
What is a comprehensive coverage policy? Comprehensive coverage is just one of the many different types of protection you can obtain on your insurance policy. It will cover repair expenses if your vehicle is damaged as a result of an accident. Comprehensive coverage covers damage to your vehicle resulting from hail, vandalism, theft, etc. The […]
Life insurance is an insurance policy that pays out to a policyholder’s named beneficiaries when the policyholder passes away. The policyholder makes monthly payments (or one lump payment) on the policy, with the cost based on the size and scope of the policy. This type of insurance appears complex at first, so you may be asking yourself: What […]
An umbrella is something you need to keep within your reach at all times in case it rains. An umbrella insurance policy is similar to that in nature. Here’s some information about who needs an umbrella insurance policy and why it might be an excellent idea for you to secure one. What Are Umbrella Insurance […]
CONTACT US
Phone: (812) 738-1536
Fax: (812) 738-1119
Address: 1979 Gardner Ln NW, Corydon, IN 47112, United States of America
BUSINESS HOURS
- Mon, Tue, Thu, Fri
- -
- Wednesday
- Closed
- Saturday
- -
- Sunday
- Closed