Whether you use your hobby farm as a main source of income or it is simply something you enjoy doing, it needs to be protected from various kinds of disasters. Storms, vandalism, and other unforeseen risks could destroy your land and cost you in more ways than one. Thankfully, there is hobby farm insurance for just such a purpose.
Read on to learn more about how you can protect your hobby farm:
A hobby farm can be a farm of any size or type. It generally, though, doesn’t provide income as its primary purpose, although it could bring in some income. It is typically less than 50 acres and can include all sorts of farms. For example, hobby farms can include farms that grow crops, livestock, etc. They generally operate on a much smaller scale than commercial farms and often are in just one location.
In years past, the United States was populated by many independently-owned farming operations. That number dwindled with the emergence of corporate farming enterprises. However, today, the trend for growing one's own food, or supplementing income by working on one’s land has seen a resurgence. This is due to many factors, but for most hobby farmers, it’s just about using their land to either make a small profit or to follow their passion for a self-sustained lifestyle.
Hobby Farm Insurance coverage can be customized to fit your hobby farm needs. However, the most common types of coverage associated with hobby farm insurance are as follows:
Everyone’s farm is slightly different from others. Therefore, there are some additional coverages your farm might benefit from that wouldn’t typically fall under the traditional coverage options. For example, you can add the following additional coverages if you feel your farm is at a heightened risk for these situations, or perhaps you have invested a great deal of money into these areas:
There are several reasons it could be to your advantage to consider acquiring a hobby farm insurance policy to protect your farm. The following are some of the most applicable:
The following are some additional business policies that can be added to your hobby farm insurance policy:
Just as you protect your family, car, house, and everything else that is important in your life, it's wise to protect your hobby as well in the form of hobby farm insurance. Contact us at Winter-Dent to learn more about this coverage.
We are industry leaders in the field and are happy to help you determine your coverage needs. Remember, regardless of the size of your hobby farm or how much income you are producing with your efforts, it’s important to make sure your farm is covered should you suffer a loss that impacts your ability to continue operating your farm. Of course, you also want to protect yourself against the potential of a lawsuit should a situation arise due to your hobby farm. Therefore, it’s important for a variety of reasons to have this added coverage.