How much farm insurance do I need in Little Falls, MN?

If you’re into commercial farming, you need to protect your business property through farm insurance. Most Little Falls, MN farm policies cover your home, possessions, and liability. They also cover your livestock and machinery but not crops. Insurance professionals at Hanneken Insurance Agency inc. recommend buying farm insurance instead of relying on home insurance to get the most out of your policy.

Do I need farm insurance if I have home insurance?

Farm insurance is designed to work like home insurance, only that the farmers live where they work. Policies vary and can be customized to fit your desired goals. If you are farming to produce food items to be used in your home, then home insurance can cover the damage in case of accidents. However, if you are farming to generate income, farm insurance can be the best option.

How much insurance should I buy?

The amount of insurance to buy vary from one policyholder to another because everyone has different needs. It also boils down to the purpose of your farming activities and the size of the venture.  Ideally, you are looking at the risks associated with your farm and matching them based on the size. Your local insurance agency in Little Falls, MN, should assess and create a list of everything you have to come up with coverage options and premium amounts. Most policies are also flexible, and you can add or remove coverages when the need arises. For instance, if you didn’t have livestock on your farm and decided to add a few cows, pigs, and goats, your insurance company should allow you to add coverages that protect them, or you can raise your premiums.

Not sure how much farm insurance to buy in Minnesota? Hanneken Insurance Agency Inc. can help you find a policy that takes care of all your needs. We also customize policies to fit all your needs from equipment, machinery, livestock, and personal belongings. Call us today!