Farm / Equine Insurance
The standard farm /agribusiness insurance policy is a hybrid of homeowners coverage, commercial business insurance and specialty insurance. If the farm is a going commercial concern, the owner will want a basic farm policy providing the following basic coverages:
- Property Coverage – This coverage protects your home, outbuildings, belongings and some equipment in the event of loss, such as a fire or tornado.
- Liability Coverage – This coverage will cover a loss unintentionally caused by you or your employees to another’s property or person.
- Medical Payments – This coverage will provide payments for medical bills sustained by someone injured on your property.
- Additional Living Expenses – If you must relocate from your home due to damage caused by a covered event, then this coverage provides for the costs of things like temporary housing or a hotel stay.
There are many reasons why individuals may choose not to insure their horses.
It may be because insurance is too expensive, not knowing the true value or it maybe they think their horse isn’t valuable enough to insure.
By asking yourself if you could afford to lose your horse, then that answer is the best way to determine if you should insure your horse. It’s really that simple!
What about your farm, the equipment and your horse van or trailer? Contact Cherish about that coverage as well. An on site visit will answer all your questions!
Truslow Yost Insurance Agency offers free, comparative quotes on farm / agribusiness insurance from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.