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Looking for some quick info? Click on one of the below topics to unpack your farm insurance!
The comprehensive farmer’s liability covers owned, rented, or leased land and property for personal and farming activities. It provides coverage for bodily injury and property damage from individual actions, farming operations, and volunteer liability.
Basic liability starts at $1 million and can go as high as $10 million. It is also the cheapest and most worthwhile coverage on your policy to purchase. Taking that combine out on a public road to get to the field? If it hits the power line, your liability coverage will shield you from the brunt of expenses.
Buildings & Contents
Commodity/ Input Coverage
Whether it’s your grains, oil seeds, pulse crops or feed and fodder, these commodities are essential to your farm’s income. Insuring them can save you from experiencing a significant financial setback in a claim. Commodity coverage can help protect you from an unexpected financial loss due to an insured peril.
Input coverage is for assets such as fertilizer, chemicals, and seeds that are essential to the success of your crops and your entire operation. In a claim like a fire, replacing these inputs could be pricey. With Input Coverage in place, your policy would respond so you won’t have to pay out of pocket.
Farming is hard work, but covering your operation shouldn’t be. Let our experienced advisors help you navigate the tough decisions of the family business down to the next generation. Let’s work together to protect what matters most to you and your farm.
Additional Coverages Available:
See below for a short list of additional coverages we recommend including for your farm insurance.
When hailstorms happen, your assets need to be properly covered. Harvard Western Insurance has worked closely with the farming community for over 100 years and understands what it’s like to be through hail and back.
Volunteer Fire Fighting Coverage (VFF)
Depending on your location, multiple voluntary firefighting departments may respond if a fire occurs on your land. Every voluntary fire department will send an invoice if they are called to help put out the fire on your land. Each department’s rates may differ, and you could see anywhere from $900 to $1200 charged as an hourly fee. It’s always important to contact your local RM or Municipal Office to find out if your taxes cover these charges or add some additional coverage to your policy.
Adding Voluntary Firefighting to your policy will ensure you are financially supported if you receive a hefty bill after the fire’s put out.
Loss of Use Coverage
We know your equipment isn’t cheap, and we also know how important it is to the success of your operations. Having a successful farm operation means having equipment available in proper working conditions. Loss of Use coverage will reimburse the costs of renting a replacement if you cannot use your equipment due to an insured peril/incident.