If you are in the agricultural sector, farm insurance is a coverage you can’t afford to ignore. Instead of getting an ordinary insurance plan, you need a policy that’s specifically designed to suit your crop, farm, and livestock protection needs. Hanneken Insurance Agency Inc. is one of the reliable Little Falls, MN insurers that you can contact when you need any farm insurance policy.
What will farm insurance cover?
Since no two farms are alike, your insurer can offer a coverage that’s designed to suit the activities you undertake in your farm. But, the main types of coverages in farm insurance include:
Farm liability coverage – It protects you from financial problems arising from liability claims, expenses related to damage to another person’s property, bodily injury to another person, legal defense bills, and medical expenses.
Dwelling coverage – It will protect your residence in case of weather disasters like lightning, tornadoes hail, or fires. This policy also covers vandalism.
Crop coverage – This policy protects valuable assets in your farm – the crops. So, if severe weather ruins your crops, you’ll be protected.
Equipment coverage – It protects your harvester, tractors, and refrigeration units, and other equipment you have on your farm.
Livestock coverage – This policy will protect all your livestock against catastrophic death caused by wildfire and tornadoes. The animals can be protected under one blanket policy for one overall value, or they could be scheduled individually.
Outbuilding coverage – It protects the structures on your property that serve a purpose in the farm. This may include barns and outhouses.
Those who farm for business purposes can consider other additional coverages like the commercial vehicle, worker’s compensation, loss of business income, and errors and omissions.
If you own a farm in Little Falls, MN, consider contacting us at Hanneken Insurance Agency Inc. and we’ll help you get the right coverage that suits your needs.