Farm Insurance - Understanding the Basics

If you own a farm, big or small, have acreage that you rent out, or have farm operations, you will need farm insurance. Our farm insurance expert Bill C, from Morison Insurance, provides details on getting the best farm insurance to ensure you are properly protected.

00:00 - Who needs farm insurance?
00:07 - What does farm insurance cover?
00:37 - How much does farm insurance cost?
00:56 - How to get farm insurance?

Video Transcript:

If you own a farm, have acreage that you rent out to other farmers, or have farm operations that include renting land from others, you will need farm insurance.

Whether you have a small hobby farm or a large-scale operation with many locations, a farm insurance policy will cover farm buildings, bunkhouses, farm machinery, tools, equipment, livestock, produce, your home or primary residence including personal contents and detached private structures, personal liability, as well as farm liability. Each farm situation is different so it is important that you get the coverage best suited to your needs to ensure your farming operation is properly protected.

Some of the factors that we will explore before building a policy include the type of farm you operate, the number of farming locations, the coverages and coverage limits required, your claims history, details of the primary dwelling and the farm buildings, and much more. Farming is a serious business and it requires special attention from a knowledgeable individual when it comes to insurance.

At Morison Insurance, we are farm insurance specialists. We proudly serve farmers and the farming community all across Ontario. With our roots dating back to 1895 and having insured generations of farm families, we have proven that we know our stuff. We will get to know you, your farm, your insurance needs, and will work with our many Ontario farm insurance companies to get the best insurance protection for your operation.
At Morison Insurance we are proud of our long and strong relationships with the farming community!

We Are Here For You!

[AllStarRealEstateSteveHula]

I sell commercial poultry farms owned by private individuals who contract with integrators like Tyson, Butterball, Simmons, etc. Insurance is becoming an issue on poultry houses 30+ years old. Insurance companies do not want to insure these steel truss, 40 x 450 houses, but I could get insurance on a 30 year old apartment building. Seems like an inspector could personally look at the structures to determine if they have been well maintained and look like a good risk rather than just turning any poultry house 30+ yrs old down flat? How can an owner ever sell these businesses? Lenders require insurance. Thank you for your videos!