Story by Staff Writer at Jordan First Insurance • February 18, 2023 (Updated Feb 14, 2024) Trending Tags: #Farming #HobbyFarm #HomeBusiness
If you own a hobby farm, you know that it's not just a hobby. It's a business that requires time, money, and hard work. Whether you raise animals, crops, or both, you need to protect your property, your livelihood, and your peace of mind. That's why it's important to have the right insurance coverage for your hobby farm.
Check out our agent's best tips and advice on hobby farm insurance.
What is hobby farm insurance?
Hobby farm insurance is a type of insurance policy that is designed to protect small-scale farmers who operate their farms as a hobby rather than as a full-time business. It provides coverage for property damage, liability issues, and personal injury claims. Hobby farm insurance can cover a wide range of risks, including damage to your home, outbuildings, equipment, and animals, as well as liability coverage for injuries to visitors or customers on your farm.
What does hobby farm insurance cover?
Hobby farm insurance policies can vary depending on the insurer and the specific coverage options you choose. However, most policies include coverage for the following:
Property
This includes coverage for traditional dwellings, barns, chicken coops, fences and other structures on your property. Machinery and equipment such as tractors or plows can also be covered through the property section of the policy.
Liability
This includes coverage for injuries to visitors or customers on your farm, as well as damage to their property. It can also cover liability issues related to the sale of your agricultural products, such as claims of foodborne illness or other health risks.
Livestock & Crops
Coverage for crop failure or livestock, such as cattle and poultry, is essential to any farming operation, and hobby farms are no different.
"Hobby farm insurance provides the risk solution to turning anyone's back yard into a sustainable and profitable business venture." - Taylor Haines, Jordan First Insurance
What factors affect hobby farm insurance rates?
The cost of hobby farm insurance can vary depending on several factors, including the following:
Location
The location of your farm can affect your insurance rates. For example, if you live in an area that is prone to natural disasters, such as tornadoes or floods, your rates may be higher.
Type of Farming
The type of farming you do can also affect your rates. Hobby farms come in all shapes and sizes, and so does the insurance to match it. Extra exposures can add costs to the insurance, such as horse boarding.
Size of the Farm
The size of your farm can also affect your rates. Generally, the larger your farm, the higher your rates will be. This is not always the case, but with more exposure comes higher risk.
Examples of hobby farms we insure
Goat farms, including goat soap makers!
Chicken farms
Mushroom farms
Horse / Equestrian farms
Vegetable stands
Artisan cheese / dairy farms
How to get hobby farm insurance
Ready to get started with your hobby farm insurance quote? The agents at Jordan First Insurance are here to help you today. Our agents are experts in hobby farm insurance and can help you find the right coverage to protect your property, animals, crops and equipment. Don't leave your hobby farm vulnerable to risks and uncertainties. Contact us today for a quote and see how we can help you enjoy the peace of mind you deserve.
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315-707-8747 • www.jordanfirstinsurance.com