Farm Insurance in College Station Texas

Ranches, whether active agricultural properties or those enjoyed for hunting and other activities, should be covered by appropriate ranch insurance purchased from a knowledgeable insurance agency that can produce ranch policies. Different than homeowners and other types of property insurance, ranch and farm insurance provides important protection for owners based on the unique risks they may face.

Based on the important details below, property owners can understand how ranch and farm insurance differs from other insurance policies and why it is so important to get the right policy from an agency that specializes in ranch insurance.

Ranch Use and Ownership

Ranches and farms are unique properties that can be used for many different things. People may have homes on the property and live there, the property may be used for an agricultural business, and some ranches may only be used for recreational purposes. Some people may own their ranches outright, and others may be partial owners through a trust, a corporation, or in some other way.

Because there are so many variables commonly seen in the ownership and use of ranch property, owner liability is a complicated matter that should be discussed with an experienced ranch insurance agency.

Ranch Owner Liability Coverage

Based on ranch ownership and use, ranch owners may need differing types of liability coverage. Generally speaking, homeowners insurance does not specifically cover ranch liability, as this is offered through farm insurance or ranch insurance policies. In some circumstances, an umbrella policy may provide personal liability for ranch owners, including UTV liability.

For umbrella liability insurance to cover ranch liability, this requires that the risk be documented in the underlying policy. It must also be noted that for non-homeowner ranch owners, umbrella liability coverage may be limited if there are improvements on the land such as barns or other buildings. These types of policies must be carefully written by a farm insurance agency experienced with these types of liability policies.

Ranch Property Insurance

Besides liability coverage, ranch and farm owners also need to purchase coverage for their property as part of a full insurance package. Depending on where the property is located, additional wildfire insurance that will cover homes and other structures can be an important supplement to any farm insurance policy. Riders that cover collectables, antiques, and other valuable items must also be added separately. More unique coverage such as insurance for damage caused to UTVs and other ranch vehicles by rodents can also be added to ranch insurance policies.

It is important for anyone who owns a farm or a ranch to understand that these unique properties must be insured with the appropriate insurance policies that can provide the right liability and personal property insurance. To protect owners against all risks, ranch insurance must provide the right combination of liability and property coverage. It is essential that owners discuss their individual needs with an experienced ranch insurance agency to ensure they have the coverage that they require!

Need Farm And Ranch Insurance In Bryan Texas?

Jones & Associates Knows Ranch And Farm Insurance!

Call (979) 599-7532!