Farm insurance is a way of life.
I grew up on a slough thinly disguised as a dairy farm.
We milked cows twice every day. We knew when the cows came home. We were with them.
The cows came with chores. We fed them at one end and cleaned up at the other.
We tried naming them, but the nametags wouldn’t stick.
We worked hard to feed the cows. We ground feed. We made hay when the sun shined. We made hay when the sun didn’t shine.
We raised beef cattle, chickens, pigs, ducks, geese, guinea fowl, alfalfa, oats, wheat, corn, and soybeans. They all came with chores.
We had a rainbow array of equipment–orange, red, green, yellow, and blue. We owned both old tractors and elderly tractors.
Farming could be exciting and otherwise.
I said that I was bored once. My father made me clean the henhouse. Cleaning the henhouse was my worst job. Walking into the henhouse was like walking into a giant ammonia bottle. It made my eyes run. It made my nose run. Even my ears ran. Running ears aren’t a pretty sight.
It Was a Valuable Lesson
I’ve never said I was bored since. A farm was a great place to grow up.
A farm was a place where a boy fell in love with an Allis-Chalmers WD45 named Alice. I’m not saying that was me, I’m just saying that it happened.
My father was a proud farmer. He claimed that he’d been born to work the ground. He had an independent streak a mile wide. He was fond of saying, “You can always tell a farmer, but you can’t tell him much.”
At the cafe, Dad and his buddies swapped lies and moaned about their lives as farmers.
They complained, but they wouldn’t have wanted to do anything else.
The farm was a way of life
The farm was also a business.
Farm and ranch owners have unique insurance needs just like every other business.
There are standard coverages in a farm insurance policy. They generally cover the following:
- Dwelling and attached structures
- Replacement cost on dwelling
- Unattached structures appurtenant to dwelling
- Outdoor radio and TV antennas, and satellite dishes
- Household personal property and business property both on and off insured location
- Home and belongings are insured against perils such as fire, lightning, wind, hail, vandalism, theft, and broken glass.
And the list goes on…
Coverage for credit card forgery and counterfeit money. Additional living expense provides coverage for increased costs if a home is rendered uninhabitable. Scheduled personal property such as machinery, irrigation equipment, stored grain, feed, and livestock. Newly acquired machinery is automatically covered for a certain amount for a determined period. Coverage for borrowed, rented, or leased machinery. Pollution cleanup endorsement if discharge is caused by collision, upset, or overturn of vehicle or trailer. Blanket or unscheduled property including machinery, irrigation equipment, and livestock on or away from insured location. The cost of restoring records. Structures other than dwellings. Sheds, barns, detached garages, and other outbuildings would be insured against fire, lightning, wind, hail, vandalism, theft, and other perils. Newly constructed structures are automatically covered for a designated amount and time. Private power and light poles, fences, feeders, silos, and portable structures. Higher deductibles equal lower premiums. Check your policy to verify all coverages.
Liability coverages for bodily injury and property damage to others, medical expense, and fire legal liability. We all buy the farm eventually (a euphemism for “die), but you don’t want to lose yours. Insurance provides peace of mind.
A specialized policy can be tailored to fit your operation. Insurance is like most things advertised as “one size fits all.” It doesn’t. Optional coverages can be added. Rental reimbursement for farm equipment. Replacement cost for partial loss of machinery. Peak season coverage. Refrigerated goods. Expanded livestock insurance. Special coverages for horse owners, such as stable liability, and care, custody, and control. Equine mortality that includes accident, injury, sickness, and disease. Spoilage or contamination coverage for milk on dairy farms. Customized coverages for vineyards. Endorsements for beekeepers. Worker’s compensation insurance for employees.
Vehicle coverage is necessary and umbrella liability insurance is a wise addition. Optional liability coverage for rented or leased farmland, property damage from chemicals, and hunting or fishing exposures is available.
If you have a home-based business like a seed dealership or custom farming, you should provide liability coverage for it.
Hail and Crop Insurance
That’s another story and policy.
Things happen. I remember a neighbor’s barn burning to the ground and another neighbor’s bull getting on the road and being hit by a car. A boy was hurt after falling while baling hay. A combine burned in a cornfield.
Fortunately, there was insurance in place for each incident.
Lightning killed a friend’s cattle. He didn’t have coverage for that.
You’ve plowed a lot of time, effort, and money into your farm. A sizable investment in your dreams.
If you can’t farm without it, you had better insure it. Farm insurance protects you from the unexpected
You depend on so much when you farm.
You depend upon the weather, equipment, livestock, repairmen, seed, veterinarian, etc.
You feed the world. Thanks for that. You have enough worries, you don’t need to worry about your farm insurance.
You need an independent insurance agent that you can depend upon.
Let that agent do some of your chores.
Other Enhanced Insurance articles related to Farm Insurance:
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