Texas is home to some of the best hunting grounds in the states. From deer, to turkey, quail, duck, goose, and hog; hunters in Texas have a wide selection of game to choose from, but finding private land to hunt on, can sometimes prove to be challenging.
With private hunting land growing in demand, landowners in Texas are finding that leasing their land to hunters and hunt clubs, is an effective way to earn some additional income. If you are considering leasing your land to hunters, you should consider a landowners’ liability insurance policy, to protect your liability. Here are some facts about landowners’ insurance. Read on to see if you could benefit from a landowners’ liability policy.
Why do I need it?
While many people assume that their homeowners’ policy will provide coverage when leasing out their land, homeowners policies contain “business pursuits” exclusions, which means that they do not extend to provide coverage for money-making activities –such as leasing out the land. Anyone who leases out their property for hunting should have landowners’ insurance.
A landowners’ liability policy is important, to protect you against lawsuits third parties who may become injured on your property. Depending on the nature of the injury, you may legally be responsible for his or her medical bills, as well as their lost wages and other compensation.
What does it cover?
Landowners’ liability insurance protects property owners against damages claims for which they could legally be held responsible when leasing their land to hunters.
Landowner coverage options available include general liability, vehicle and equipment liability, as well as facilities coverage, which provides coverage for damage that your facilities may sustain from hunting groups.
General Liability – General liability provides liability coverage for property owners against liability for accidents that occur on their property. If you allow hunters onto your property, you can be held legally responsible for their injuries. Protect yourself with a landowners’ hunting liability insurance policy.
Vehicle and Equipment Liability – This coverage provides protection from liability from accidents arising from the use of equipment that you provide hunters use of, such as ATVs or tree stands.
Facilities Coverage – While not a liability policy, facilities coverage is an important insurance policy that provides coverage for damage to your facilities and equipment such as cabins, outbuildings, and tree stands.
Prepare your property for the hunting season by having a safety inspection done. An inspection allows you to identify any potential hazards, and have them removed or fenced off.
If you have any questions regarding your policy, or coverage options be sure to talk with your agent today. Landowners’ insurance coverage is one of the most important things you can do to protect your property.