What Does Farm Insurance Cover? A Guide for Hobby Farms to Working Operations in Northeast Indiana 

Farms may face exposures that a standard homeowners policy does not fully cover. SIA, LLC offers farm insurance that can help fill these coverage gaps for agricultural operations in Kendallville, IN.

Moving Beyond Homeowners Insurance

Standard homeowners insurance policies typically exclude business assets and activities. As such, coverage for livestock, equipment and farm structures will likely require alternative coverage and additional policies. Farm insurance can help close these gaps with coverage intended for agricultural properties.

Key Components of Farm Insurance Coverage

Standard farm insurance may include the following coverage options:

• Crop insurance may help offset lost income when crops are damaged by covered perils.
• Farm property insurance may cover your home, barns, silos, fences, sheds and outbuildings for perils such as fire, lightning and windstorms.
• Livestock insurance may cover cattle, poultry and other livestock for risks including fire, transit accidents and severe weather.
• Workers’ compensation insurance may cover medical expenses and provide supplemental income for employees with work-related injuries or illnesses.
• Machinery and equipment insurance may cover tractors, combines, irrigation systems, and other essential tools for damage from covered causes of loss.
• General liability coverage may cover legal fees and damages if someone is injured on the property or if operations cause harm to others.

Why This Coverage Is Important for Local Farmers

Farms in Indiana can have varying sizes and operational details. Large-scale grain and livestock operations, Amish-owned agricultural businesses and hobby farms may each have distinct risk profiles. One-size-fits-all policies and standard coverage options may not account for these differences and unique coverage needs. Fortunately, farm insurance can be customized to reflect the property’s actual assets and activities.

We’re Here to Help

Contact SIA, LLC today to learn more and get a free custom quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.