Every farm is unique, and there is no one size fits all solution when it comes to an insurance policy for your farm. If you have a farm in the Pinecrest, FL area, reach out to an agent at Hamilton Fox & Company Inc. who will be happy to put together a custom policy designed to protect your specific operation.
Due to the uniqueness of the farm business, a farm policy will consist of various property and liability policies coming together to form one comprehensive package of insurance. It is crucial to sit down with your agent to discuss each coverage and decide which one is right for you.
Most policies will start with two basic coverages as the foundation of the policy.
Dwelling coverage will protect your home from events such as fire, hail, and tornadoes.
Farm Liability coverage will protect you from third-party lawsuits in the event someone is injured on the farm.
Once your dwelling and liability policy are squared away, you will need to decide which additional coverages you will need to protect your farm.
Barn coverage: If you have barns or other structures on your farm, you will want to consider barn coverage. It is important to note that the dwelling coverage only covers your home.
Crop coverage: As farmers know, one bad season can be detrimental to the business. Crop coverage will protect you from losses in the event bad weather ruins your crops.
Livestock coverage: Similar to crop coverage, livestock coverage will protect you in the event your livestock are killed in an event such as a tornado.
Equipment coverage: Farm equipment can be costly to replace and is not covered under the dwelling policy. You will want to do a full inventory of all the equipment on your farm and make sure it is covered under this additional coverage.
There are many other coverages farmers should consider, please reach out to an agent at Hamilton Fox & Company Inc. to custom build a policy right for your farm. We proudly serve the Hamilton Fox & Company Inc area.