What Does Farm Insurance in Texas Cover?

Farm insurance is a must for every farm or ranch operation in Texas

Obtaining the proper farm policies to safeguard your entire investment and way of life can be difficult, so it is essential to understand what is and is not covered.

Work with a farm insurance agency that can offer you the finest guidance and help you safeguard your farm, ranch home, and everything on your property with the appropriate coverage to ensure you acquire the right policy for your needs.

What Do Different Types of Farm Insurance Cover?

No homeowner's policy in Texas will cover a farm or ranch conducted as a business, no matter how large or small the enterprise.

As a result, these businesses often require a variety of farm insurance policies to be adequately protected against the variety of potential losses:

Homeowners Insurance: Whether your operation is a working farm, a hobby, or simply your personal property, the building that is your house or the primary home dwelling on a farm or ranch must be covered by a homeowners insurance policy. This policy protects your home against specified risks, personal belongings up to the policy limits, and even a few outbuildings, such as sheds and pool houses.

Barns & Buildings: The second most important insurance coverage for your business should cover your barns and agricultural buildings. This policy will cover the structures themselves, from cattle barns to equipment sheds, as long as each is listed on the insurance policy.

Fences, Pens, and Sheds: Most farm insurance policies do not cover fences, animal sheds, corrals, gates, or other structures. These items should be insured separately with a policy designed to protect only these structures from your farm insurance provider.

Contrary to a homeowner's policy, the business property and equipment stored in your agricultural buildings are not automatically covered by the policy that ensures those facilities. You must acquire enough coverage separately to protect the contents of these structures in the case of damage, loss, or theft.

A separate farm insurance policy must also cover horses, cattle, and other livestock. There are also disparities in these policies between livestock herds, precious breeding stock, and show or competition animals.

Liability: In addition to insurance policies that cover structures, property, and even animals, your operation may require certain types of liability coverage beyond the basic coverage provided by a homeowners policy, particularly if you have employees, customers, or clients visit your property, or if you sell any type of produce or food.