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Farm Insurance - Insurance Policies for Farm Owners Manchester NH

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.

Representing Metlife Auto and home
(603) 540-1634
Southern NH
Goffstown, NH
Alternate Phone Number
603-540-1634
Services
Home and Auto Insurance

MetLife Auto & Home
(603) 433-1880
29 New Hampshire Ave
Portsmouth, NH
Alternate Phone Number
603-433-1880

Nationwide Insurance - Daniel P Soucy Agency
(603) 577-9531
491 Amherst St
Nashua, NH
Alternate Phone Number
603-889-9960
Services
Auto, Home, Business, Life Insurance

Foy Insurance
(603) 641-8111
Manchester, NH
 
Allstate Insurance
(603) 668-7228
981 2nd St Ste 2
Manchester, NH
 
Nationwide Insurance - Daniel P Soucy Agency
(603) 577-9531
491 Amherst St
Nashua, NH
Alternate Phone Number
603-889-9960
Services
Auto, Home, Business, Life Insurance

Representing Metlife Auto and home
(603) 540-1634
Southern NH
Goffstown, NH
Alternate Phone Number
603-540-1634
Services
Home and Auto Insurance

Noble Trust
(603) 626-1180
900 Elm St
Manchester, NH
 
Kane Insurance
(603) 644-3700
911 Candia Rd
Manchester, NH
 
Primerica Financial Svc-Blais Associates
(603) 641-2527
50 Queen City Ave
Manchester, NH
 

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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