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Farm insurance is specifically designed to protect farmland. Whether you raise crops and livestock as a hobby or for work, you'll want to safeguard your assets with adequate coverage. These policies offer many benefits that you won't find with traditional home or business insurance. Here are a few reasons why farm coverage is worth the investment. 

What Are the Benefits of Having Farm Insurance?

1. Safeguard Equipment 

Farming equipment can come at a steep cost. Further, in many cases, you need multiple types of machinery to complete all of your tasks. This equipment may include tractors, vehicles, plows, harvesters, and other similar items. Each piece is an intricate machine with many moving parts that can wear out or break over time. When failures occur, you'll be faced with steep costs to repair or replace your farming equipment. Insurance can protect you by paying for equipment repairs or replacements in certain situations. 

2. Provides Liability Coverage

farm insurance

Farm insurance gives you peace of mind by providing liability coverage. This aspect of your insurance would come into play if someone was injured on your property or your livestock or equipment damages someone else's possessions. Accidents can happen as a result of working with heavy machinery, dealing with unpredictable animals, and spending time in harsh conditions. That's why a robust liability policy is a must for any farm owner. 

3. Protects Your Livestock & Products

Livestock and equipment are at the core of many farming businesses. You can't farm without essentials like seeds, soil, and fertilizer. These items can be costly to replace if you're affected by a disaster. Farm insurance protects your farming supplies before they've been planted in the ground. If you have a storehouse of seeds, soil, or other products that are affected by a natural disaster or similar event, insurance will reimburse you for these items if they're destroyed. Your livestock is also protected under a farm policy in case of injury or death. 

 

If you need insurance to protect your farm, Barron Mutual Insurance Company can help. This Barron County, WI, insurance agency has helped local property owners find and compare insurance options for more than 100 years. Their trusted team serves agricultural land owners from all backgrounds. Learn more about what they can do for you online or request a quote by calling (715) 537-5141.

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