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Farm & Ranch Owners Insurance

A horse farm is a unique property requiring an insurance policy specifically designed to provide coverage for all of the buildings on the property as well as the liability protection for your horse ownership or equine operation.  Our farm and ranch owner’s policy is a customized policy developed to fill in the gaps of the traditional homeowner’s policy.  A homeowner’s insurance policy may not cover many of the exposures inherent in the horse industry including farm property, farm equipment and equine liability.

Our Farm & Ranch Owner’s Policy Offers

  • Basic, Broad, Special or in some instances an Elite program.
  • Replacement Cost coverage on your residence.
  • Replacement Cost coverage on your personal property.
  • Additional Living Expenses during the reconstruction of your residence from an insured loss.
  • Personal Property such as jewelry, furs and fine arts can be scheduled.
  • Replacement Cost coverage on your stables, barns, arena and other outbuildings.
  • Extra Expense coverage for loss of use of your barn from an insured loss should you be required to board your horses or move your equine operation during reconstruction.
  • Replacement Cost coverage on other tenant dwellings on the property.
  • Lessors risk for dwellings or apartments rented to others can be included.
  • Insurance for farm equipment such as tractors and other farm machinery.
  • Insurance on tack and horse related equipment.
  • Personal, Farm Premises and Equine Liability protection
  • Care, Custody & Control Liability protection for non-owned horses in your care.

IS YOUR CURRENT PROPERTY INSURANCE ADEQUATE?

If you have a Homeowner’s policy providing insurance on your residence…..

  1. Are your stables, barns, farm structures and outbuildings insured for replacement cost?
  2. Is the insured limit on your stable, barns or outbuildings adequate?
  3. Do you have insurance on your farm equipment?
  4. Do you have insurance on your tack and other horse equipment?
  5. Does the liability insurance extend to bodily injury or property damage caused by your horse both on and off your premises?
  6. Does the liability insurance extend if you are operating as a business?

Get a Detailed Quote

SOME DIFFERENCES BETWEEN A HOMEOWNER
AND FARMOWNER POLICY

  • On a Homeowner’s policy, appurtenant or other structures (Coverage “B”) is usually limited to 10% of the limit of the main dwelling. In most cases, this amount is not adequate to replace your equine structures such as your barn or arena.
  • On a Homeowner’s policy, coverage for appurtenant or other structures used in whole or in part for business purposes, can be excluded. This would include any farm building used for a business or commercial venture.
  • A Farmowner’s policy lists each farm building or structure individually at their respective replacement value so there is no doubt about coverage.

 

A HOMEOWNER’S POLICY EXCLUDES BUSINESS PURSUITS

A home-based business owner may mistakenly believe his homeowner’s policy will cover his business activities, but a standard homeowner’s policy contains a specific exclusion for “business pursuit” or “professional services”.  The Homeowner’s policy will specifically exclude any business activity at home.

If a homeowner boards a horse or gives a few lessons in exchange for money or anything of value, this would be considered a business and liability coverage would not apply under a home owner’s policy.

  • A Farmowner’s policy uses the Commercial General Liability Form and thus extends liability coverage for loss arising from bodily injury or property damage which results from equine business activities as declared in the policy.
  • A Homeowner’s policy excludes non-owned property in your care, custody or control. This exclusion would apply to any non-owned horse on your property, even if stabled with you for a short time.
  • A Farmwoner’s policy can be endorsed to include livestock in your care, custody or control, including during transportation of non-owned horses.

 

WE WILL GLADLY REVIEW YOUR CURRENT INSURANCE AND MAKE RECOMMENDATIONS ON THE POLICY WHICH BEST SUITS YOUR NEEDS.  WE WILL DESIGN AN ALL-INCLUSIVE POLICY FOR YOU AND OFFER A PROPERTY AND LIABILITY INSURANCE QUOTE FOR YOUR CONSIDERATION.

DON’T WAIT UNTIL YOU HAVE A LOSS TO FIND
OUT IF YOU ARE PROPERLY INSURED.

CONTACT SMITH-EMBRY INSURANCE ASSOCIATES, INC. FOR A REVIEW OF YOUR CURRENT PROPERTY & LIABILITY INSURANCE POLICIES.