Farm/Ranch Insurance

What Is It?

For those who own a farm or a ranch, accidents and mishaps are common. This often makes it necessary to pay large sums of money to repair any damage. Farm insurance will help to cover some of these costs. People can get different policies depending on the size and value of their ranch or farm. Policies can cover a variety of different types of agriculture and industry.

Who Is It For?

Farm insurance is ideal for farms that have animals, livestock, or horses. They are also great for people who have crops or more than one dwelling structure on a premise. There are many areas in the country that fall victim to fires, hurricane damage, and more. Crops can be damaged by insects and a variety of other things.

If a farm or ranch is insured, then any unforeseen losses incurred can be covered up to the amounts specified in the policy. Anything that can be classified as an unforeseen disaster or accident may be covered by farm insurance.

Types of Coverages

There are several different types of coverage involved in farm insurance. Property coverage may involve covering both the main dwelling and outbuildings. It will also cover damage to farm equipment and personal property. Liability protection covers incidents of harm to persons or property not belonging to the owner of the farm but caused by the owner or by other people on the farm. Liability insurance can also cover both legal costs incurred.