New Jersey Farm Insurance

Farms have numerous components that could fall victim to disaster at a moment’s notice. When you run a farm, it’s crucial to keep all elements running like a well-oiled machine. Luckily, there’s a coverage designed for just that purpose.

Fortunately New Jersey independent insurance agents can help you find the right type of farm insurance for your needs. They’ll also get you covered long before you ever need to file a claim. But first, here’s a closer look at this important coverage and what it’s all about.

What Is Farm Insurance in New Jersey?

Also called farm and ranch insurance, farm insurance in New Jersey is a specific type of business owners policy tailored to meet the needs of farm owners. The coverage considers the protection necessary for each component of a farm, including equipment, property, and more.

Farm and ranch insurance provides several coverages needed by owners and workers together in one convenient package. A New Jersey independent insurance agent can help you find the right farm and ranch insurance for your specific farm.

What Does Farm Insurance Cover in New Jersey?

Just like everywhere else, farm and ranch insurance in New Jersey provides several important protections for farmers. Though your policy may vary, farm insurance typically covers these components:

• Livestock: Protects livestock from disease outbreaks, theft, injuries caused by storms, and more.
• Property: Protects your farm’s property, such as buildings, fences, tools, and much more, from threats like fire, lightning, theft, etc.
• Liability: Protects you and your farm from lawsuits filed by third parties for claims of bodily injury or personal property damage.
• Crops: Crop insurance can be added onto your farm and ranch policy, and it’s a very important coverage to consider. Crop insurance protects your crops from numerous threats, such as freezing and more.

Your New Jersey independent insurance agent can help you find the right farm and ranch policy for you.

What’s Not Covered by Farm Insurance in New Jersey?

While your farm and ranch insurance policy provides a ton of critical protection, it also comes with its own set of exclusions. According to insurance expert Paul Martin, farm and ranch insurance in New Jersey often excludes:

• Earthquake damage
• Flood damage
• Routine maintenance costs
• Improper use and storage of property and equipment
• Insect damage or infestations
• Nuclear fallout and war damage

To protect your farm against flood or earthquake damage, your New Jersey independent insurance agent can help you find a separate flood insurance or earthquake insurance policy.

Is Farm Insurance Necessary in New Jersey?

Having farm and ranch insurance is really important for farms everywhere, including in New Jersey. It’s always important to know the most frequent hazards in your specific industry, especially before shopping for coverage. Check out some of the most common farm and ranch claims below.

Top 10 farm and ranch insurance claims

1. Work vehicle accidents
2. Employee disabilities or death
3. Misapplication of chemicals or chemical drift
4. Slips, falls, and other injuries
5. Food-related incidents
6. Animal bites and other damage
7. Glass breakage
8. Windstorm damage
9. Lightning and hail damage
10. Fire damage

A New Jersey independent insurance agent can help your farm or ranch get set up with the right protection to guard against these common threats, and much more.

What Other Coverages Should I Add to My Farm Insurance in New Jersey?

A basic farm and ranch insurance policy provides a lot of important coverage already, but there are a couple of important coverages commonly added on, like:

• Workers’ compensation: Adding this coverage is crucial to protect your hardworking team against injury, illness, or death on the job.
• Commercial auto insurance: This coverage is important to protect your farm’s work vehicles from many disasters like theft, fire, etc. A regular auto insurance policy will not cover vehicles used for business purposes.

Your New Jersey independent insurance agent will help you add as many coverages as you want onto your farm and ranch insurance, so you walk away with the full picture of protection.

How Much Does Farm Insurance Cost in New Jersey?

Just like any other kind of coverage, farm and ranch insurance costs vary depending on numerous factors, such as:

• Your farm’s annual profits
• Your farm’s amount and value of livestock
• Your farm’s acreage
• Your farm’s exact location
• Your farm’s amount and value of inventory and equipment
• Your farm’s specific operations
• Any additional insured structures on your farm

The best way to walk away with all the farm and ranch coverage you need is to work closely together with a New Jersey independent insurance agent.

Here’s How a New Jersey Independent Insurance Agent Can Help

When it comes to protecting farms and ranches against risks like theft, disease outbreaks, fire, and all other perils, no one’s better equipped to help than an independent insurance agent. New Jersey independent insurance agents search through multiple carriers to find providers who specialize in farm and ranch insurance, deliver quotes from a number of different sources, and help you walk through them all to find the best blend of coverage and cost.