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Farm Insurance - Insurance Policies for Farm Owners Charlotte NC

Farms are a business. As such, it is smart to ensure them. However, because of the nature of farming (and the unpredictable nature of the business), insurance can be expensive. But in the risky world of farming, a bad year can be all that stands between the farmer and bankruptcy. Therefore, getting insurance for your farm can be critical.

Allstate Darryl Johnson Agency
(704) 373-7044
715 North Church Street
Charlotte, NC
 
Southeast Insurance Solutions, Inc
(704) 560-8972
1515 Mockingbird Lane # 409
Charlotte, NC
 
Humana MarketPoint
(704) 643-1009
6100 Fairview Road
Charlotte, NC
 
Nationwide Insurance - Brett Ziskind, Agent
(704) 527-5766
820 tyvola rd #100
charlotte, NC
Alternate Phone Number
704-527-5766

James W. Brown State Farm Insurance
(704) 588-9600
13209 Carowinds Blvd Suite H
Charlottle, NC
Services
Insurance

Hutch Ham Agency Inc
(704) 525-6016
821 Baxter St Ste 312
Charlotte, NC
 
Wachovia Insurance Services, Inc.
(704) 553-0419
6100 Fairview Road
Charlotte, NC
 
Harris/Ziskind Insurance
(980) 297-7176
820 tyvola rd
charlotte, NC
 
State Farm Insurance Agency - Monte Thorns
(704) 509-5854
9401 Statesville Road
Charlotte, NC
 
Hoffman Insurance Agency
(704) 280-8585
2015 Ayrsley Town Blvd, Suite 202
Charlotte, NC
Alternate Phone Number
704-280-8585
Services
704-293-4050

Farm Insurance - Insurance Policies for Farm Owners

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Farm Insurance


Farms are a business. As such, it is smart to ensure them. However, because of the nature of farming (and the unpredictable nature of the business), insurance can be expensive. But in the risky world of farming, a bad year can be all that stands between the farmer and bankruptcy. Therefore, getting insurance for your farm can be critical.

Agricultural insurance generally covers three main circumstances:

  • Crop insurance for damaged or lost crops.
  • Property and Casualty (P&C) insurance, which provides liability coverage if a hired hand is hurt, and potential coverage for physical property. It does not usually include livestock.
  • Livestock insurance.
  • Specialized insurance coverage for certain types of farming with unique perils and challenges

Your state government is a good source of information, if you are looking for agricultural insurance. Many states actually have specialized insurance companies within state government (or sponsored through the state) that cover the unique perils for that region. For instance, farmers in California might not buy coverage for hail, because it is less common there. However, in the American Midwest, if you don't buy hail coverage for your crops, you are asking for disaster.

Further, because many regions do have unique concerns within the farming community, there are often insurance cooperatives operating in a specific region. Because these cooperatives can often offer lower prices for the same insurance, it is well worth the research. Your local farming associations will often be able to point you in the right direction.

What will it cost?


In the U.S., Congress subsidizes the cost of buying crop insurance and several states provide state-funded premium subsidies. Rates will ultimately depend on your needs, risk tolerance, insurance plans, production, and location. Remember that anything which will raise risk to the insurance company will end up costing you more. You may have to make some hard decisions between your risk tolerance, and the amount of money that you could afford to lose without jeopardizing your farming business.

Benefit's of Farm Insurance


If you are a farmer, your farm is your livelihood. It is also your business. Insuring it makes good business sense.

You have some good reasons to consider it, aside from the longevity of your farming business:

  • Government subsidies are often offered to farmers to offset a portion of the premium.
  • Increased coverage levels are offered for several crops.
  • Protection for input costs and harvest values.

Keep in mind that crop insurance may serve as collateral for operating loans. Most banks and financial institutions will want to ensure that you have some kind of insurance coverage, to protect your ability to re-pay loans.

Crop Insurance


Crop insurance does what you'd expect - it insures your crop. The trick with crop insurance is to decide what level of coverage you want. Specific levels ...

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