What You Need to Know About Hobby Farm Insurance

A hobby farm is an exciting lifestyle choice, not a business. But that doesn’t mean that protecting it is any less important. You’ve put a lot into your livestock and crops, and probably made some equipment investments too. Now it’s time to give your farm the protection it deserves with hobby or small farm insurance.

Even people who live in the city or suburbs are discovering hobby farming in varying degrees and may benefit from some added coverage. In addition to protecting your property and farm, you have to be cognizant of your neighbors and their safety, which can be even more important in an urban setting.

While some hobby pursuits may fall under your homeowners insurance policy, as your little farm grows and if it earns money, hobby farm insurance or even small farm insurance will give you extra protection. If you begin selling produce or products made from your farm, product liability insurance should be a consideration. And don’t forget to look into coverage for any equipment you purchase.

For anyone just starting a hobby farm, making a list of short and long-term goals helps create a foundation of success. Do you want to focus on animals, crops or both? Starting small and building toward that long-term dream gives you room to grow and space to adjust your plan as you learn along the way. Sharing that list with your insurance agent will help you determine how much and what type of hobby farm insurance you need and what milestones may signal that it’s time for a policy update.

A routine insurance check-up is a great way to stay on top of your coverage and make sure you and those who may be effected by your farm are protected. Contact your American Family Insurance agent today to re-examine your coverage.