Insurance is widely recognized as a crucial asset for farm owners. With the inherent risks faced by farmers and companies engaged in agriculture on a daily basis, having the appropriate insurance policies becomes paramount. Thankfully, insurance can help mitigate many of these risks, provided that the right coverage is in place.
What’s covered and what’s not covered with Farm Insurance?
We understand that farm insurance can be a source of confusion for many clients. It’s important to clarify that simply having a farm policy does not automatically insure everything on your farm. At Felty Insurance, we want to ensure that you have a clear understanding of how farm insurance works.
A farm owners policy is similar to a homeowner’s policy, giving you coverage for your home but also the flexibility to choose the extent of coverage for your farm. Our goal is to help you strike the right balance between comprehensive coverage and affordable premiums. This means identifying and prioritizing the most critical risks for your operation.
It’s crucial to note that certain structures like barns, equipment sheds, corn cribs, loafing barns, and more need to be specifically scheduled on your policy to ensure coverage. Additionally, any equipment used in your farm operation like tractors, disc mowers, rakes, bailers, tedders, etc. must also be scheduled for coverage. Other items such as livestock, hay, tack, or even selling produce or eggs at the Farmer’s Market need to be scheduled to have adequate protection. Merely storing items in a barn or having them on your farm does not automatically guarantee insurance coverage.
At Felty Insurance, we have knowledgeable insurance advisors who specialize in farming. We go the extra mile by visiting your farm to personally assess your risks and exposures. Our aim is to guide you through each step of the process, ensuring that you fully comprehend your unique risks and make informed decisions about the coverages you require.
With our expertise and personalized service, you can have peace of mind knowing that your farm insurance needs are well taken care of. Contact us today to schedule a consultation and take the first step toward safeguarding your farm against potential risks.
