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Why You Should Get Farm Insurance


Ellerhorst Russell Farm Insurance

Have you ever wondered why you should get farm insurance? There’s no question that farming is more important than ever. After all, this is how people can get food on their tables every single day. So, if farming is your main occupation, you want to ensure that you protect your business with farm insurance.

Embark on a journey through the comprehensive coverage of our Farm Insurance, including the crucial component of Farm Equipment Breakdown protection. This captivating image captures the essence of grape harvest, where the tireless efforts of farmers converge with the bountiful gifts of nature. In the forefront, a red tractor powers forward, pulling a sturdy blue trailer. Seated at the helm, a dedicated farmer navigates the rows of abundant grapevines, while a fellow farmer walks attentively behind the trailer. Together, they form a harmonious team, ensuring a successful harvest. As the tractor and trailer make their way through the lush vineyard, mountains majestically adorn the background. The sky above is dotted with fluffy clouds, reflecting the vastness of possibilities that lie ahead. With our Farm Equipment Breakdown coverage, we offer protection against unforeseen mechanical failures that may impact your essential farming machinery. From tractors to trailers, we safeguard your equipment, ensuring that potential breakdowns don't hinder your farming operations. Embrace the reassurance that comes with knowing your farm equipment is protected, allowing you to navigate the challenges of agriculture with confidence. Together, we cultivate resilience and efficiency in the face of adversity, ensuring a thriving harvest amidst the awe-inspiring beauty of nature.

What Does A Farm Insurance Policy Cover?

In case you are wondering why you need to get farm insurance, you need to know what a farm insurance policy covers. Overall speaking, a farm insurance policy covers all personal property that is directly related to the farm operation. It usually includes three main categories: farm machinery and equipment, livestock, and farm products like fertilizers, pesticides, seed, silage, and animal feed. The good news is that there isn’t standard farm insurance. This means that you can decide on which categories you want to include and the coverage you need according to your farm needs.

List of Coverages - Why You Should Get Farm Insurance

Unveil the cornerstone of our Farm Insurance, starting with our Farm Machinery Coverage. This captivating image captures the essence of agricultural efficiency and progress. Amidst a vast expanse of golden wheat, a powerful red and white combine harvester takes center stage. The machine is a beacon of productivity, its gears turning as it effortlessly traverses the field, collecting the harvest of nature's bounty. Dust particles dance in the wind, testimony to the relentless dedication of farmers and their tireless machinery. The radiant sun bestows its warm embrace upon the combine, illuminating its sturdy frame and highlighting the spirit of innovation at work. With our Farm Machinery Coverage, rest assured that your vital equipment is protected, empowering you to forge ahead with confidence and ensure a prosperous harvest season year after year.

Farm Machinery And Equipment:

The farm machinery and equipment coverage protects you from damage or financial loss due to covered perils. The best part of this type of coverage is that it covers many different types of machinery including planters, cotton pickers, hay rakers, combines, tractors, field equipment, among others. In case you also use a truck for farm work, you can bundle a commercial auto insurance policy and add it to your overall farm insurance package. In addition, portable fences, portable structures, and portable irrigation equipment are usually covered as well.
Experience the warmth of security with our farm insurance coverage. In this captivating image, a resilient woman clad in a vibrant red flannel stands amidst a vast golden wheat field. The sun's gentle touch casts an enchanting orange glow, illuminating her hands cradling freshly harvested wheat. Embrace the promise of protection as we safeguard your farming endeavors, ensuring a bountiful future for your agricultural pursuits. Trust in our comprehensive farm insurance to shield your hard work and nurture your dreams in the ever-changing landscape of farming.

Livestock Farm Insurance Coverage

In case you have animals on your farm, you may consider covering your livestock as well. This way, you will be covered in case they are either injured or killed as a result of a basic peril that is covered. However, in case livestock is the main part of your farming activities, you may also have more extended coverage. Some extended policies may include coverage when animals are struck by a vehicle, when they die by accidental shooting, attacks by wild animals or dogs, and even when you lose them due to an earthquake or flood, for example. It’s important to keep in mind that horses and other equine animals are in a different category since they can be quite expensive. So, no matter if you use them for shows, breeding, work, or just pleasure, you want to protect your investment. The more common coverage options for horses and other equine animals tend to include death due to a broad number of perils and theft. Other coverages may include loss of use, surgical expenses, or major medical expenses.
This image represents the concept of Small Business Insurance, specifically focusing on Farm Insurance. The image depicts a farmer standing next to a fully grown cow in a farm setting. The farmer and the cow symbolize the agricultural business and assets typically found on a farm. This visual representation highlights the importance of insurance coverage tailored for small farms. It signifies the agency's role in providing comprehensive insurance solutions that protect farmers and their farm operations from various risks, including property damage, livestock coverage, liability claims, equipment breakdown, and other potential risks associated with running a farm. The image serves as a reminder of the agency's commitment to supporting small farm businesses by offering specialized insurance plans that address their unique needs and risks. It symbolizes the agency's dedication to ensuring the financial security and continuity of small farms through reliable and comprehensive insurance coverage.

Coverage For Farm Products

While seed, grain, feed, and other similar items are covered by farm insurance, you need to keep in mind that they are only covered when they are stored. This means that the ones that are only planted aren’t yet covered. To ensure that you cover these as well, you may need a commercial insurance policy if the sale proceeds exceed your policy’s incidental income limit.
Picture of a herd of cattle in a lush green pasture, perfect for farm insurance. The cattle are peacefully grazing, with rolling hills in the blurred background.

Farm Liability Coverage

Just like your standard home insurance policy, farm insurance also provides liability protection. It covers property damage, attorney’s fees associated with covered incidents, medical expenses, and bodily injuries.

Even if you are the most careful person in the world, accidents do happen. You can misstep and hurt yourself when operating machinery, an animal may injure its handler, an animal may escape and cause an accident.

Different Types Of Insurance For Farm Owners

You can read more about these on our farm insurance page.
Home and Contents Coverage
Farm Machinery Coverage
Farm Equipment Insurance
Farm Building Coverage
Farmers Liability Coverage

Bottom Line Why You Should Get Farm Insurance

As you can see, there are many reasons why you should consider getting farm insurance. In case you are looking for a reputable company with decades of experience, you should consider the Ellerhorst Russell Insurance Agency.
Farm insurance is a type of coverage that helps protect farms and agricultural businesses from financial losses due to property damage, liability claims, and other risks. If you own a farm or work in the agricultural industry, farm insurance can provide essential protection for your business assets, operations, and income.
Farm insurance typically covers a range of risks, including property damage from natural disasters like fires, storms, and floods, liability claims for injuries or damages caused by your farm or products, loss of crops or livestock due to weather or disease, and equipment breakdowns or theft. Coverage may vary depending on the specific policy and the type of farm or agricultural operation you have.
The cost of farm insurance depends on several factors, including the size and type of farm, the level of coverage needed, and the level of risk involved. Premiums can range from a few hundred to several thousand dollars per year, but the cost of insurance is generally much lower than the potential financial losses that could result from an uninsured event.
While some homeowners or commercial insurance policies may offer limited coverage for certain farm-related risks, these policies are generally not designed to provide the comprehensive protection needed for a farm or agricultural business. Farm insurance is specifically tailored to the unique risks and challenges of the agricultural industry and provides more extensive coverage for farm property, liability, and operations.
Choosing the right farm insurance policy depends on your specific needs and the risks you face as a farmer or agricultural business owner. It’s important to work with an experienced insurance agent who understands the complexities of the agricultural industry and can help you identify the risks you need to protect against. Be sure to compare policy features, coverage limits, and premiums from multiple insurers to find the best fit for your farm or business.

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