What farm coverage’s do I need?

Question: What farm coverage’s do I need?

Answer: Each farm is unique and should be looked at individually for covering its needs.

But, there are a few overlooked coverage’s worth having.

• Replacement vs. Actual Cash Value- (ACV = Replacement Cost – Depreciation) If you’re ok at the time of a loss taking into account depreciation (or age of the materials) then go with ACV.
• Cab glass coverage- Pay no, or small deductible at the time of a cab glass claim.
• Umbrella policy- Or Excess liability insurance. This is liability coverage above your base limits on your property and autos. This will pay out when a claim exhausts or is excluded from your base policy.
• Off-premise liability coverage- Make sure your policy covers you when you’re traveling off your property on recreational vehicles or horses.
• Farm Employee coverage- If you supervise or direct the actions of any hired individuals, you should have some kind of farm employer liability.

Always review your policy and your coverage needs with your agent.

A little review, is good to do!