Farm Insurance: What It Can Cover and Why You Need It

To ensure that you are provided with all the insurance essentials, it is an excellent practice to review farm insurance quotes. Doing this will ensure that all the assets on your farm will have adequate protection. Regular homeowners insurance is a good thing to have. However, it does not cover farming structures, the land that the farm is on and the agricultural tools and equipment.

Getting the right comprehensive farm insurance will protect your business and ensure that you don’t overpay. If you are new to the agriculture industry, you may be a little confused about where to start getting your comprehensive farm insurance. This blog post will present the facts about standard farm insurance to help you make an informed decision.

Farm Insurance: What It Can Cover and Why You Need It

Reviewing farm insurance quotes will ensure that you will choose the right one. There are many risks on a farm, and having the right insurance will give you the peace of mind to go about your day-to-day activities.

Available Coverage Offerings

This is the typical coverage offered by a standard farm insurance policy.

1) Residential Dwellings

Whether you have a home on your farm or just a home office, these structures will be covered by your farm insurance. Any residential dwellings on the property will be covered against explosions, fire, lightning, and other unexpected incidents.

2) Farming Structures

Coverage may be provided to all of the outbuildings on your farm from fire, explosions, lightning and more.

3) Tools and Equipment

The farming tools and equipment you have on your land can also be protected in case of damage caused by unforeseen events. The policy may also have clauses that will cover the repairs to any of the damaged equipment.

4) Hay and Feeds

Any damage to hay and feeds may have a direct impact on your bottom line. Insuring your hay and feeds will prevent any financial losses in the long run.

5) Livestock

The animals that live on your farm will also be protected using your standard farm insurance policy. A traditional farm insurance policy will provide coverage in case of fire, lightning, flood, earthquakes, vandalism, theft, drowning, and more.

6) Agricultural Machinery

One costly problem is machinery malfunctions and breakdowns. It may cost a fortune for you to have the machines repaired and cost a whole lot more as you deal with the downtime of your machines. If your heavy machinery gets damaged because of explosions, fires, or lightning, having farm insurance can help cover the cost of repairs.


Since exposure is higher on farms compared to a typical residential home, it is crucial that you get farm insurance coverage to ensure that your farming property will be covered no matter what happens. Having this type of insurance will help ensure that your financial interests will be protected in case anything untoward happens on the premises of your farm.

If you are in need of farm insurance coverage for your property, come to Direct Line Insurance! We have been taking care of customer homes, autos, farms, and businesses. Additionally, both the Millet and Warburg branches offer AB Registries Services and ATB Banking Services. We’re here to help you with all of your financial needs. We service across Alberta. Get in touch with a reliable farmers insurance agent today!