If you own a farm, it is strongly recommended that you purchase farm insurance. However, one of the questions that we at Parr Insurance Services, serving the greater Lynchburg, VA area, are asked is what types of things farm insurance or farm coverage actually covers.
Here are some of the most common things that are covered by farm insurance:
Farm insurance covers the home or homes that are located on your farm. The coverage is typically the same as a home insurance policy, helping to protect your home and the items stored in your home.
Farm insurance also covers your farm buildings, such as barns and silos. Typically, the items stored in these buildings are covered as well.
You likely have a lot of equipment that is used on your farm, including tractors, conveyor systems, and canning systems. Farm insurance covers the farm equipment that you use regularly on your farm.
You depend on your crops to bring in income. But, an unexpected event can wipe your crops out. Farm insurance may extend to your crops, helping to provide you with money if your crops are damaged by a covered event.
Lastly, livestock, including chickens, cows, horses, and pigs, may be covered under a farm insurance policy.
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If you have a farm, you may have home insurance and commercial insurance products. However, while these insurance products may cover specific parts of your home and your farm, they do not offer farmers the full protection that they need. This is why farm insurance is so important. If you have a farm, reach out to Parr Insurance Services, serving the greater Lynchburg, VA area today to get the insurance products you need to fully cover your farm.