Choose the Right Insurance

By Tim Nephew
Published on March 1, 2008
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Whether your country place is a quiet haven for horses, or you’ve opened the gates to pumpkin-patch hunters, be sure your coverage includes what you need.
Whether your country place is a quiet haven for horses, or you’ve opened the gates to pumpkin-patch hunters, be sure your coverage includes what you need.
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Are you covered if your livestock break through a fence, hightail it down the road and cause an accident?
Are you covered if your livestock break through a fence, hightail it down the road and cause an accident?
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Whether your country place is a quiet haven for horses, or you’ve opened the gates to pumpkin-patch hunters, be sure your coverage includes what you need.
Whether your country place is a quiet haven for horses, or you’ve opened the gates to pumpkin-patch hunters, be sure your coverage includes what you need.
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Colorful produce stands draw in the public.
Colorful produce stands draw in the public.
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A corn maze may be the direction you take to bring in more income to your farm.
A corn maze may be the direction you take to bring in more income to your farm.

You planted two acres of vegetables, and the crop is looking good. The laying hens you purchased last spring are putting out twice as many eggs as you can use. Maybe you can sell extra vegetables and eggs to cover your expenses and even turn a tidy profit. Next year, why not put your own little stand out by the highway and turn this sideline into a real working business? But what happens when a customer gets injured at your place, or your cow escapes its pasture and causes an accident on the highway? Do you have the right kind of insurance to protect yourself from the liability exposures associated with your version of the country lifestyle? If your insurance consists of a conventional homeowner’s policy, it is definitely time to talk to your agent.

Homeowner’s policies are as varied as the companies that write them, but many people just don’t realize that when it comes to insuring rural property, most policies exclude coverage for added risks involved with agricultural operations. Sure, they might cover you if the house burns down, hail damages your roof or a neighbor trips on your stairs and breaks a bone, but they might not be much use if a fire takes out 2,000 feet of fencing or you back into the neighbor’s truck with your tractor.

Specialized farm policies written for rural property owners are readily available and can be tailored to cover the exact needs of each individual applicant. Whether you raise livestock, board horses, grow fruits or vegetables, or even if you have a pumpkin patch and give hayrides, an insurance policy can be designed specifically for you – and it can cover your home and vehicles, too.

Categories of coverage

According to the “Consumer’s Guide to Farm Insurance” by the Maryland Insurance Agency, a state agency responsible for regulating insurance in the state of Maryland, there are five key areas to address when purchasing a farm policy:

• Property damage coverage protects your farmhouse, outbuildings and household belongings if they are damaged or destroyed by fire, lightning, hail or tornado.

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