Farm Owner's Insurance: All You Need To Know

​Owning a farm means investing a lot of money and effort, so insuring it may help your farm's safety if equipment breaks or animals become sick and die. A farm owner's insurance may cover the replacement of any equipment or livestock lost due to unexpected circumstances. 

Accident Coverage
A farm owner's insurance covers liabilities within the property, so the insurance may cover medical expenses if an accident happens inside the property resulting in injury. But medical costs can be expensive, and your insurance policy might not cover them. The policy will only cover the maximum amount set. 

Remember to take necessary precautions to avoid injuries while on the property because trespassers might see this as a chance to collect money from you. Putting up a fence around the property and cameras to record activity around your property is essential to protect yourself.

Legal Fees Coverage
If legal actions are required, the insurance may cover legal costs and a lawyer's fee, depending on the plan you already have. It's important to contact Insurance Agency Network to go over your insurance policy and see what it covers.

Property And Livestock Coverage
If your equipment is broken and needs replacement, your insurance policy may cover some or all the expenses required to replace the broken equipment with a new one. Even if the policy does not cover the total amount, you may use the money as a down payment for new equipment. 

If livestock is injured or killed, the policy may cover their cost. Depending on your existing policy, policies may cover the accidental death of animals because of shooting, being hit by a vehicle, or being attacked by wild animals and dogs.

Does Your Farm Insurance Cover Health?
Most, if not all, farm insurance does not cover the owner's health. If an accident results in the owner's injury, then the policy will cover medical bills. Talk to Insurance Agency Network about your farm insurance coverage to get a clear view of what to expect. 

Final Point
Knowing your insurance policy will help you understand what to do when farm equipment malfunctions or livestock suddenly dies. So, don't hesitate to contact Insurance Agency Network for more information about your policy and what it covers, and be prepared for anything!

At Insurance Agency Network, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get insurance that fits your needs. You can get more information about our products and services by calling our agency at (425) 448-9190. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!