For most people, buying a farm is a big deal. Unless you are one of the lucky folks with substantial resources to cover disasters, you are likely to need farm insurance. Buying a farm is normally a large investment and you want to protect it from losses or the cost of catastrophic events. Imagine trying to recover your home, personal possessions, livestock, crops, and outbuildings after a major event.
Using the right type of equipment and tools for the job at hand helps to prevent accidents. However, farms have visitors, ranch hands, neighbors, and all types of weather. You may take safety precautions with equipment, but you cannot control all risks associated with running a farm.
Appropriate insurance can help to protect you financially when a ranch hand suffers an injury while driving a tractor or your neighbor slips on the front porch. Could you recover financially if a piece of farm equipment crashed into your neighbor’s house or injured a visitor?
Farmers frequently make extra money by selling the fruits of their labor. Selling homemade jams, pies, fresh fruits, and vegetables helps to support the farm. However, something could go wrong and people could become ill because of eating your farm products. You can also seek insurance to protect you financially in these types of situations. Running a farm entails many risks. Consider a meeting with your insurance agent to discuss farm insurance to cover your risks.
