Farm insurance will help protect you and your farm in the event of an accident or disaster. Many things can go wrong and severely affect your livelihood and living situation, so it's crucial to have the right insurance for your farm.
A basic farm insurance policy often covers the structures on your farm, machinery, and personal contents. It may also include items related to farming, including produce, feed, and pesticides.
You can choose a blanket policy, which will include structures, equipment, and livestock. Or you can select separate coverages, which can give you more control over coverage limits. Livestock may be insured as a herd, or by the individual. Herd policies are standard. However, if you have high-value livestock, you may want to choose to insure them individually.
Equipment can be insured under a blanket policy, or individually. A blanket policy will insure everything up to a certain amount. If you choose to protect equipment individually, each piece will have its own coverage amount.
Liability is another critical component of a farm policy. Standard farm liability will cover injuries to a third party on your property and injuries resulting from products produced on your farm in an unprocessed state. If you are involved in agro-tourism or sell processed products from your farm, you will need additional liability protection. You may need additional liability to cover farm equipment on the roadway as well.
Covering your farm truck under a commercial auto policy protects your vehicle when you are on the highway. It also includes your cargo. You can add personal vehicles to the policy as well, simplifying your coverage.
If you need farm insurance in Rhode Island, contact us at Caluori Insurance. We can help you select the right coverage for your farm.
