Farm & Ranch Insurance
Coverage for the Farm and the Work It Supports
Farm insurance coverage is designed to protect farm risks that might be needed for unpredictable (extreme) weather, cattle struck by lightning, liability risks to name a few! Farms can have unique combination of commercial and personal coverage because of the residential and commercial characteristics.
To help protect the operation a farm or ranch, we can offer the insurance coverage you need. Your farm might need multiple coverages, and many farm policies can be packaged together to meet specific needs and risk factors, which we can discuss with you to determine the coverage you need.
Check your farm to see if you have any of the following signs of being underinsured.
- No Recent Valuation
- Commodity & Resource Price Fluctuations
- Rising Value of Farm Equipment & Machinery
- New Equipment & Machinery
- Diversification into New Business Areas
- Changes to Buildings
- Miscalculated Coverage Needs
You wouldn't want the things you've worked so hard for taken away with unforeseen damage and/or the wrong coverage. We want to find the best coverage to protect your most valuable asset, your farm.
Complete Coverage for Your Farm Operation
Farming comes with risks that can’t be ignored. These essential coverages protect your home, your livelihood, and the machinery that keeps your business running.
What a Farmowners Policy Can Include
Dwelling and personal property, farm personal property including machinery (scheduled or blanket coverage), tools, and supplies. Buildings including barns, machine sheds, grain bins, and other outbuildings. Farm liability for on-premise injuries and off-premise farm operations. Optional coverages like debris removal, custom hire, and incidental business activities. We'll tailor limits and deductibles to your acres, herd size, and risks.
From Hobby Farms to Large Grain Operations
Every operation is different. Some need coverage for newly built bins and/or buildings; while others for older barns and equipment. If you run farm trucks on county roads or highways, we'll coordinate farm auto with your property and liability. Need higher limits? We can add a farm umbrella for additional protection.
Risks We Plan For
Like ice, and wind hail loading on damage to roofs, lightning strikes, and blizzards that interrupt your operation; our teams in Steele and Bismarck have been through these storms and know how some of these storms can be devasting. Bowerman Insurance Agency can also coordinate with your crop insurance, so your overall protection works together without gaps.
Standard Farm Insurance
For those hard to place farm buildings and/or premises.
Farm insurance coverage is designed to protect you from risks you might need to operate your farm or ranch. Let us help you get the coverage that meets your unique set of risk factors!
Straightforward Answers for Producers
Is farm insurance required?
Not by law, but lenders often require it. One fire or equipment loss can be costly without proper coverage.
Can I bundle farm and personal and/or business auto?
Often, yes-many farm carriers offer multi-policy discounts when you place qualifying vehicles and property together.
Do I need separate crop insurance?
Yes, crop coverage is separate; we can help you with the many types of crop insurance.
The Importance of Valuation
One of the primary things to consider when selecting coverage for your farm or ranch is the policy’s co-insurance clause. A common provision, co-insurance, requires you to insure the covered property to a specified percentage of its full value, typically between 80 and 100 percent. If a loss occurs, and it is determined the limits purchased are less than what is required by the co-insurance clause, you would be penalized if a covered claim occurs. To avoid this, be sure to maintain proper valuation of your property and ensure that you aren’t underinsured.
Protecting your farm operation is essential! But farmers are busy and there isn’t enough time to wade through the various policy documents and coverage options. We can help you through this process.