New Jersey Cattle Ranch Insurance

New Jersey cattle ranchers have farmland, livestock, equipment, and property to protect. The easiest way to do that is with a comprehensive cattle ranch insurance policy.

The good thing about New Jersey cattle ranch insurance is that it's highly customizable. That's why cattle ranchers will find value in working with a New Jersey independent insurance agent to build an insurance package that best fits their property and business. 

What Is Cattle Ranch Insurance?

Cattle ranch insurance is a type of farm and ranch insurance that is designed for farmers who own livestock. The policy is built to cover, not only animals, but also structures, property, equipment, employees and farmland. 

Total Number of Cattle and Calves in the US

Last year, the US was home to about 94.4 million cattle and calves.

What Does Cattle Ranch Insurance Cover in New Jersey?

Cattle ranch insurance combines a number of policies to cover all aspects of your ranch. Every ranch will have different needs, but the following are the most common protections that owners choose.

• Bodily injury and property liability: Pays for any third-party injury lawsuits or claims that occur on your ranch, as well as property damage caused by your operations or equipment. It will also pay related medical bills.
• Livestock: Will pay for financial loss associated with livestock being killed or injured by a natural disaster or in transit.
• Equipment breakdown: Pays for damage to equipment, including tractors, combines, planters, hay rakers, and more. 
• Farm products: Pays for any animal feed, fertilizers, pesticides, and other products while they're being stored. Once they're planted they are no longer covered.
• Workers' compensation: Pays for any employee injuries or illnesses that occur while working on the cattle ranch.

"Cattle ranch insurance is different than other types of insurance in that it will only cover what is described in the policy," explained insurance expert Paul Martin. "You have to specifically identify everything on your farm that you want insurance for or else you won't receive coverage." 

What Doesn't Cattle Ranch Insurance Cover in New Jersey?

Since cattle ranch insurance is unique, it can be easy to overlook gaps in coverage. Fortunately, your New Jersey independent insurance agent can work with you to be sure that everything that can be covered is. With that, there are still some exclusions to be aware of.

The following may have exclusions or limitations on coverage

• Fences
• Crops
• Chemical drift
• Attack by wild animals
• Livestock diseases
• Livestock death by shooting, drowning, old age, or natural causes
• Machinery that is not well-maintained

Many limitations like fences, crops, and accidental livestock deaths can be covered by adding endorsements to your policy. 

How Much Is Cattle Ranch Insurance in New Jersey?

There are 9,900 farms in New Jersey, and every cattle ranch policy will vary. As Martin pointed out, you'll have the option to choose what you specifically want to be insured on your farm. Everything you select will be evaluated for its value, which will aid in determining premium costs.

Insurance companies look at the total value of the livestock, property, equipment, and additional risks you want insured, and consider any potential loss your ranch may experience. The more things insured and the higher your risks, the more expensive your insurance premiums will be. 

How Much Livestock Is Covered with Cattle Ranch Insurance? 

When you sit down with your New Jersey independent insurance agent to discuss cattle ranch insurance, you'll have three options for protecting your livestock. 

• Individual coverage: Designed for high-value animals that are covered on an individual basis. Each animal is listed on the policy with a specific amount of coverage.
• Blanket coverage: Coverage for all of your farm property and livestock. 
• Herd coverage: Insurance for a certain number of animals that you determine. 

2020 Livestock Inventory in New Jersey

Livestock continues to be an important source of agricultural income in New Jersey. That's why it's crucial to protect your livestock with the proper cattle ranch insurance.

How Can a New Jersey Independent Insurance Agent Help?

Cattle ranch insurance is a unique type of coverage that requires a specific insurance agent. Not all agents are knowledgeable in writing farm and ranch insurance, which is why TrustedChoice will connect you with a New Jersey independent insurance agent who understands insuring a ranch.

They'll chat with you free of charge to learn more about your ranch and your livestock. They'll then shop different carriers and provide you with a variety of cattle ranch insurance quotes to choose from. Connect with a local expert on TrustedChoice.com today.