At Texas Outdoor Insurance, we understand that no two farms are the same, and as a result, no two insurance policies should be the same either. When it comes to purchasing an insurance policy for your farm – it’s important that you obtain a personalized insurance policy that’s designed with your needs in mind.
Here are a few basic areas for which coverage is available. These basic coverage options are a good place to start when insuring your farm or ranch.
Coverage for your farm equipment and vehicles is an important area to insure. With much of a farm’s operations hinging on equipment, it’s important that you have enough coverage in the event of an accident. Most farm equipment insurance policies include coverage for vehicles ranging from tractors to personal vehicles.
Property coverage includes buildings on the property such as your house, barns, outbuildings, or other structures. This coverage can be purchased on a named perils basis or an all perils basis to provide protection for perils such as storms, fires, and other disasters. Additional coverage can be purchased for the contents inside the buildings as well and can include grain or hay, farm tools, and other equipment.
Livestock coverage is especially important for farmers who make their money on livestock. Livestock coverage generally includes coverage for livestock in case of theft, and can include sickness, accidents, or death.
General liability insurance is basic and essential coverage for any farm or ranch. This coverage provides financial protection from third party lawsuits alleging injury or property damage resulting from your business operations. Even if the injury or damage was not directly your fault, if it occurred on premises, you could be held responsible. Protect yourself with general liability.
Contact Texas Outdoor Insurance for more information on farm or ranch insurance. We would be happy to answer any questions you have and design a policy that’s tailored around your individual insurance needs.