Understanding Farm Insurance – This Week Magazine


 

Particular coverage is required for buildings designed for use in agriculture. This can include structures that were repurposed to agricultural purposes.

Equipment
Tractors, combine harvesters cotton pickers, planters, field equipment, hay rakers, and many other farm machinery are all part of the package. You might be able to bundle a commercial auto insurance policy in your farm insurance plan if you use a truck to perform agricultural work.

Livestock
The horses and animals of the equestrian world are distinct in that they can be used for a variety of purposes. Whether you employ any of them for work, breeding, show or just for fun these are investment assets that you should protect financially.

Insurance for liability
Farm and ranch insurance provides the protection of liability, similar to the home insurance policy. Because of the risks involved, liability coverage is not a choice and must be included within every farm insurance policy. Should it be required, it can cover the medical costs, personal injuries, and property damage. You may also be covered to pay attorney’s fees that are not included. to1l763cc6.

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