Hitching Your Wagon to the Right Coverage: Farm Equipment Insurance

Here at Hitchings Insurance, we understand the heart and soul of a farm goes far beyond the land itself. It’s the machinery – the tractors, combines, and planters that keep the seasons turning and crops thriving. But just like any vital piece of the operation, farm equipment is susceptible to unforeseen events. That’s where Farm Equipment Insurance steps in, offering peace of mind so you can focus on what matters most – a bountiful harvest.

Why is Farm Equipment Insurance Important?

• Damage: From fires and lightning strikes to collisions and rollovers, your equipment is protected against a wide range of hazards.
• Theft: Unfortunately, even in rural communities, theft can happen. Insurance ensures you can replace stolen equipment without facing a huge financial burden.
• Vandalism: Whether accidental or malicious, vandalism can cause costly repairs. Farm Equipment Insurance will help get your equipment back up and running quickly.
• Special Form: Coverage against a broader range of perils. We’ve seen mice chew wiring harnesses in tractors. We’ve seen raccoons hibernate in a combine’s belt system. Both cause extensive damage to the machines. In both situations, the special equipment coverage form afforded coverage to pay for the damages when the coverage would typically be excluded otherwise.

Tailoring Coverage to Your Needs

Every farm is unique, so a one-size-fits-all approach to insurance won’t do. Our agents at Hitchings Insurance will work closely with you to assess your specific needs and equipment. We recommend a customized policy, providing the right level of coverage, ensuring your valuable assets are properly protected.

Additional Considerations

• Replacement value vs. actual cash value: Replacement value coverage ensures you can replace damaged equipment with new models, while actual cash value considers depreciation. Discuss which option best suits your situation.
• Loss of Use: If your equipment is damaged and unusable, some policies offer coverage for lost income incurred during the downtime.
• Equipment Rental: Coverage for the cost of the replacement machine to replace a damaged piece of equipment that has coverage afforded.
• Foreign Object (Rock Ingestion)- Should a haybine or combine take in a rock, rusted fence post, or other item and cause internal damage to the machine, this coverage is a must-have as it pays to fix all those damages.
• Multiple policies: Consider bundling your Farm Equipment Insurance with other coverage options like Farm Property Insurance or Liability Insurance to receive potential discounts.

The Takeaway

Farm equipment is a significant investment, and protecting it is crucial for the continued success of your operation. By working with Hitchings Insurance to secure the right Farm Equipment Insurance policy, you can face unexpected challenges with confidence, knowing your livelihood is safeguarded. Contact us today for a free quote and let’s discuss how we can help your farm thrive season after season.