![]() ![]() There are independent insurance agents that know how to insure your hobby farm and what exposures could be a potential threat down the road. The longer you wait to insure or insure properly, the more things could go wrong without coverage. When it comes to insuring your hobby farm the right way, you really can't do it soon enough. ![]() What preemptive protection do you have in place: Are there proper protocols in place to keep the public off premises or to make sure they are following proper safety rules? Is livestock properly penned to keep it from escaping? Does hobby farm equipment and machinery remain disengaged and locked down when not in use? Are there security cameras throughout the hobby farm?.Your hobby farm's specifics: Does your hobby farm produce crops, livestock, and other products? How many pieces of machinery and farm equipment does your hobby farm have? Who operates the machinery? Does your farm use pesticides and chemicals for crops? Does your hobby farm let the public have access to it? What's the gross annual revenue of your hobby farm? What's the whole hobby farm worth?.Your independent insurance agent will need to know the following to get started: So whether you have a farm that's small potatoes or a growing alfalfa empire, your coverage needs to apply adequately. When running a hobby farm side business, time is of the essence, and making sure your policy responds when you need it most is key.įirst, you'll need to have your independent insurance agent look at pricing and coverages for your farm's specifications. Your hobby farm may need insurance for additional bodily injury and property damage that exceeds your underlying policies. Insuring your hobby farm is one thing, but making sure you have enough coverage for the road ahead can be daunting. How to Insure Your Hobby Farm with an Umbrella Policy Knowing how coverage works is important, so let's start with a little background to get you off on the right foot. Your independent insurance agent is a knowledgeable resource when it comes to insuring all aspects of your hobby farm, including extending your protection with an umbrella policy. An independent insurance agent is exactly what you need in your corner. Sometimes that means having a little extra protection from an umbrella policy that can extend your coverage limits and help keep the tractors rolling. And having the right coverage in place is key. When your hobby farm is both your home and your side hustle, you've got a lot riding on it. ![]()
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