Whether you have cattle, alpacas, chickens, sheep, or goats, you may be able to purchase livestock insurance for them. Your farm may start out small with just a few cows, chickens, and pigs, but eventually, it may grow substantially – which means you could end up with a lot of money invested in your stock. Natural disasters, fires, and farm accidents are unforeseeable, but happen nonetheless. Buying farm insurance may help to lessen the financial losses if livestock are injured or killed.
Each farmer must determine the best methods of insuring his or her stock or farm. Options for insurance may include a blanket policy, herd coverage, insurance for individual animals, and/or insurance for farm equipment and crops.
For smaller sized farms, blanket coverage may be an ideal solution. Blanket coverage may cover your livestock, farm products, and farming equipment. It is important with this coverage to make sure you have adequate limits for complete coverage.
Some farmers may prefer herd coverage. This type of livestock insurance applies to an entire herd of a particular group of animals, such as a herd of goats for example. Insuring individual animals may be particularly important for farmers who have prized breeding stock or perhaps an exceptionally valuable horse. In this case, farmers might want to consider separate coverage for those specific animals. Accidental shooting, illness and disease, fire/lighting, flood, and theft are just a few of the possible types of coverage available for livestock.
Make plans to contact a local agent to discuss your farm insurance options. A local agent may be able to offer helpful insurance recommendations for your particular requirements. For details, contact our office.
