Hobby Farm Insurance: Tailored Protection for Your Acreage
Our specialized agricultural insurance provides essential protection for your home and farm, ensuring you are covered against unexpected losses that may arise.
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 covers 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.
The insurance provider offers coverage for direct physical loss or damage to insured property that results from an insured peril. This coverage applies to farm buildings or structures, along with permanently attached fixtures and equipment that form a part of and pertain to the use of the building or structure on the farm premises.
Contents within the farm buildings or structures on the farm premises are also covered. However, limits may apply and should be reviewed with your advisor.
This coverage applies to various classes of animals, including cattle, bison, swine, horses, sheep, goats, poultry, and other livestock as specified on your Cover Page. You must own the insured property for which you are legally responsible. Additionally, other animals not commonly referred to as domestic livestock but being raised on your farm premises for farming or pleasure purposes are also covered.
Still, they must be specified on your Cover Page.
Whether it’s your grains, oil seeds, pulse crops or feed and fodder, these commodities are essential to your farm’s income. Commodity coverage can help protect you from an unexpected financial loss due to an insured peril.
Input coverage is for fertilizer, chemicals, and seeds essential to your crops’ success and 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.
You can add equipment coverage one of two ways:
a) Scheduled equipment, including mobile machinery, implements, or irrigation equipment, along with their attachments specifically described and listed on your Cover Page.
b) Blanket equipment, which includes (i) mobile machinery and implements, along with their attachments, and (ii) tools, which are independent devices, apparatuses, or instruments used for repair, construction, or maintenance.
Our Loan Protection coverage, also known as Mortgage Insurance, is not a one-size-fits-all style policy. Our personalized policies translate to better coverage and premiums that are, on average, 30-50% lower than traditional Creditor Insurance. We also allow you to lock in your rates so you will not face expensive increases down the road.
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Our Hobby Farm Insurance goes beyond standard homeowners’ policies.
As acreage owners, you deserve coverage that understands the unique needs of your property and lifestyle. Whether you’re tending to a small orchard, raising a few animals, or simply enjoying the tranquillity of rural living, we’ve got you covered.
- Comprehensive Coverage: Protect both your home and farm against unexpected losses.
- Customizable Options: Choose from policies offered by multiple reputable insurers.
- Expert Guidance: Benefit from our insurance broker expertise to find the perfect fit.
With access to various insurance providers, we ensure you get the best rates and coverage options tailored to your specific needs.
Safeguard your passion project with Hobby Farm insurance.
If you rent land for agricultural purposes or have livestock under your care on the property, it falls under the category of a hobby farm. Even though others might perceive your farm as small-scale, its significance to you cannot be understated. We prioritize ensuring comprehensive coverage for the following:
- Dwelling and contents
- Farm livestock protection
- Protection against loss of farm produce
- Farm liability insurance
Avoid extra expenses with Voluntary Firefighting coverage.
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 voluntary firefighting to your policy.
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