Farm and Ranch owners have a different lifestyle than other businesses, which translates into unique insurance needs. Traditional coverage may not adequately respond to those needs. Marc Goodwin Insurance Services can help insure this special way of life for all farms and ranches, including large commercial growers, packers, equine, dairy and wineries. We work with one of the largest, long-time providers of agribusiness insurance providing competitive pricing and comprehensive, individually tailored coverage. A sampling of the basic policy:
Coverage A – Farm Dwelling:
- Farm dwellings and structures attached to covered dwellings
- Trees, shrubs, plants and lawns within 250 feet of a covered dwelling for up to $2,000
- Optional coverages: Replacement cost on dwelling (including ordinance and law option)
Coverage B – Other Private Structures:
- Unattached structures appurtenant to the dwelling, outdoor radio and TV antennas and satellite dishes
Coverage C – Household Personal Property:
- Furniture and household contents
- Standard limits for personal articles
- Increased special limits of insurance
Coverage D – Additional Living Expense:
- Coverage for necessary increases in living expense if a covered cause of loss renders your home uninhabitable
Coverage E – Scheduled Farm Personal Property:
- Farm machinery, irrigation equipment and livestock
- Newly acquired farm machinery is automatically covered for $100,000 for 60 days
- Replacement farm machinery is automatically covered for $100,000 for 60 days
- Farm machinery damaged by contact with roadbed or ground
- Farm machinery damage caused by contact between a tractor and an implement during towing, hitching or unhitching operations
- Primary coverage for borrowed, rented or leased farm machinery
- Theft of miscellaneous tools and equipment on or away from insured premises
Coverage F – Blanket or Unscheduled Farm Personal Property:
- Farm machinery and livestock
- Unscheduled farm machinery and equipment on or away from insured location
- Farm products in the open for certain causes of loss
- Property in the custody of a common or contract carrier up to $1,000
- Cost of restoring farm operations records up to $2,000
Coverage G – Other Farm Structures:
- Farm buildings and structures other than dwellings
- Newly constructed farm structures automatically covered for $250,000 for 60 days
- Private power and light poles
- Outdoor radio and TV equipment, antennas and towers
- Fences, corrals, pens, chutes and feed racks
- Silos, portable buildings and portable structures
- Improvements and betterments
- Building material and supplies kept on or adjacent to the “insured location”
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