Avoiding Business Conflicts

5 Things That Might Be Covered By Your Farm Or Ranch Insurance

by Arthur Bates

If you own a farm or ranch, it is important to protect your investment. Luckily, farm or ranch insurance is an option. In fact, it's an option that all farmers and ranchers should look into. If you are curious about the types of things that might be covered by your farm or ranch insurance, these are a few examples.

1. Livestock

You might have spent a lot of money purchasing your livestock, whether you keep cows, pigs, horses, or any other type of livestock. Of course, taking good care of your livestock and protecting them from predators, bad weather, and more is probably very important to you. This does not mean that something could not happen that could cause your livestock to be killed. Farm or ranch insurance may help you with this type of financial loss.

2. Crops

You and your workers might have put a lot of time into planting and taking care of your crops. If your area is affected by a drought, a flood, or another natural disaster, then your farming operation could stand to lose a lot of money without farm or ranch insurance.

3. Feed

Many people don't realize just how expensive it can be to feed livestock. If you have stockpiled hay and grain, though, there is a good chance that you have spent a lot of money to stock up on everything. If your feed and hay are ruined because of a fire or some other problem, you may be able to rely on your farm or ranch insurance to cover your losses.

4. Machinery and Equipment

Depending on the type of farming operation that you have, you might have a lot of expensive machinery and equipment. Tractors, pickup trucks, tractor attachments, and more are all pretty common and can all leave you taking a big loss if you aren't covered.

5. Structures

Farm or ranch insurance should help protect you against the loss of your structures, whether that includes the barns that you store your equipment in, the barns that your animals live in, or the fencing that you have installed on your property.

Of course, what is and is not covered by your farm or ranch insurance will depend on the insurance company that you purchase your policy from, the specific policy that you have purchased, and various other factors. Consider talking to an insurance agent about farm or ranch insurance so that you can purchase a policy that will cover the things above and more.

For more information, visit a website like http://www.wrg-ins.com/.