Farm Insurance In Oregon
In September of 2014, a farmer's home was lost due to fire in their chimney. He failed to check the chimney prior to lighting a fire during a cold snap. In the early morning hours, the farmer and his family were awakened by the sound of timber falling from the ceiling. Fortunately, the family was able to escape without harm and had adequate Farm Insurance to help pay for the extensive damages.
Another farmer started cranking up his tractor under his side shed when the vehicle backfired. The backfire caused a flash fire that led to a number of losses. In addition to the building itself, the farmer also lost over two hundred tons of peas and corn. He also lost eight tons of fertilizer that he had only just purchased two days before the incident. Various other types of grain and machinery were also lost. Even though the tractor and the contents of his shed were a total loss, the farmer had the foresight to invest in a quality policy that included Agribusiness Insurance. Therefore, his business survived and continues to thrive.
It is easy to see that the right policy is necessary to provide you with protection against a complicated mixture of risks that are unique to your business. As your farm continues to grow and you take on new crops or livestock, the challenge of obtaining the right coverage can become even more intricate.
For this reason, it is wise to seek the counsel of a Farm and Crop Insurance provider who is knowledgeable in your industry. You will need someone who is willing to work closely with you to evaluate your farm and make informed decisions regarding your liability coverage and the other risks that you may face as a farmer.
A quality insurance professional will help you measure your assets, provide you with budgeting options and structure a policy that will make certain your farm continues to be productive for many more years in the future. With the right agent working for you, you can rest assured that you will have an insurance solution that adequately meets your personal needs.
Why You Need Farm Insurance
Some farms are maintained by commercially owned growers, while others are run by individuals and families who are in the business of growing crops. Whether the crops in your fields are irrigated, such as corn and potatoes, or dry land like hay and wheat, you need proper crop insurance. While the risk protections and the coverage limits may be different from one farm to the next, every farmer will benefit from the right protection.
There are the basic types of coverage that every farmer will need, which includes home, farm buildings, shops, equipment, irrigation equipment and vehicles. However, there are also other important types of coverage that you may require for your specific type of farm, such as equipment breakdown, traveling machinery, pollution and chemical drifts.
Home or dwelling coverage will protect your home in the event of a major peril, such as lightning, hailstorm, fire or windstorms. In addition, it will also cover accidents, which includes vehicle damage to your home, as well as vandalism and theft. The personal belongings within your home will also be covered.
Farm liability insurance will protect you from the loss of your farm because of liability incidents. This includes bodily injury to someone that occurs on your property, as well as the medical expenses related to such an injury. You will also be provided with legal defense and claims payments for which you are determined to be legally responsible.
Agribusiness Insurance policies may be designed to also provide protection for your outbuildings, such as garages, sheds, barns and other structures that are used to store equipment and supplies. These structures are typically covered against the same perils as your farm house.
Your crops are a primary part of your business. In some cases, this is a farmer's main revenue source. Crop Insurance will provide you with protection against major loss due to unavoidable weather damage, disease or natural disaster.
Softening The Blow
Owning and operating a farm can be an unpredictable feat because there are so many different threats to your livelihood. The market, natural disasters and the elements all pose great risks. However, there is some good news. With the right Farm and Crop Insurance from a reliable provider like Ferranti-Graybeal Insurance Agency, Inc., you will have peace of mind know that you will be able to keep your operation up and going for many more years in the future.
Ferranti-Graybeal Insurance Agency, Inc. is one of the few insurance agencies that continue to maintain Agribusiness and Agribusiness Insurance Specialist designation. With more than forty years of experience, we live and breathe in farm country, continuing to show our support and expand our knowledge of the farming community.