Farm Insurance

Farm property insurance can play a vital role in managing agricultural businesses. It offers a safety net for farmers, rancher and other agricultural professionals by safeguarding their assets against unexpected disasters.

What Is Farm Property Insurance?

Farm property insurance can financially safeguard physical assets linked to a farm or agricultural operation. If a covered event damages farm property, the policy may offer compensation up to its limits. This insurance typically covers assets essential to farming operations, which may include the following:

• Farm machinery or equipment—This can include combines, planters, tractors, sprayers, skid loaders, cotton pickers, backhoes and balers. Some policies may also cover livestock.

• Farm dwelling and contents—Coverage may protect the financial value of a farmer’s home and personal contents, up to policy limits.

• Outbuildings—Property coverage can extend to structures other than a home, such as barns and machine sheds.

Some farm property policies may also offer coverage for liability exposures and additional living expenses, among other risks.

How Much Is Farm Home Insurance?

The following factors can influence the cost of farm home insurance:

• Location

• Property size and type

• Coverage and policy limits

• Claims history

• Rebuilding costs

• Risk factors

Why Do People Need Farm Insurance?

Farm insurance can be essential for the following reasons:

• Protection against risks—It can financially safeguard farmers from various hazards such as fire, theft, hail damage and severe weather.

• Financial security—It can offer compensation for unexpected losses of crops, livestock and equipment, helping to ensure the farm’s financial stability.

• Liability coverage—It can financially protect against claims and lawsuits resulting from personal injury or property damage related to farm operations.

Learn More

Contact CCI Insurance Services to discuss your farm property insurance needs today.