Reasons To Buy Home Insurance in Valdosta and Moultrie, GA

Posted by BrownleeAgencyGA on September 15th, 2022

Not every individual has to be employed to earn a decent living. There are many small business owners with varied interests and operations too. However, many rural area businesses involve working on a farm either independently or with a team of employees. The agricultural land is cultivated to regularly yield crops sold at the right moment to earn money. Sadly, such an effort may be rewarding, but it also comes with multiple risks. The right way to bounce back after sustaining a massive loss for varied reasons would be to receive compensation after filing a claim for the farm insurance in Moultrie and Valdosta, GA.

Although most crops are produced on agricultural land, this type of insurance fulfills a wider need and is termed a farm and ranch insurance policy aptly. It is a hybrid coverage that protects the insured person both personally and commercially. Similar to a home insurance plan, this policy covers the dwelling area that is adjacent to the farm or barn. Along with personal possessions, the insured individual is compensated for liabilities as well. All machinery and vehicle required to operate a farm and ranch enjoy coverage along with livestock that may be used for commercial purposes. The crops grown on the land are not covered for any loss.

The farmer is expected to be interested in the coverage as there is no guarantee of profits due to associated risks. One can expect due compensation for the loss of personal property that is required to operate the farm.

It is impossible to make a perfect assessment of one’s needs as each farm & ranch policy is different. The insurance company considers the coverage carefully, and the policyholder is provided the option of choosing from a broad category of coverage or checking individual items as needed. Discussing the matter with an experienced agent before buying the required policy is best.

Some of the things that are sure to be covered by this type of policy include:-

Farm machinery & equipment- The combines, tractors, planters, hay rakers, cotton pickers, field equipment, and associated machinery are all compensated for loss and damage.

Livestock- All farm animals, including horses, pigs, goats, sheep, and cattle, are covered for disease, illness, accidental killing, and death.

Farm products- Feed, seed, grain, and other similar items are covered for loss and damage as long as they remain stored. One may require buying a commercial insurance policy when the income from the sale of the products exceeds the incidental income limit declared in the policy document.  

Liability- The liability coverage is not optional but mandatory for every farm & ranch insurance policy. This is due to the high risks involved. It covers physical injury, medical expenses, and property damage. Legal costs are often covered as well.

Individuals who own an urban home need to buy adequate home insurance in Valdosta and Moultrie, GA, to ensure complete property protection.