What is

Farm Equipment
Coverage?

Gone are the days when farms relied solely on manual labour. Nowadays, a range of equipment is used to keep farms running, and this equipment is constantly evolving. Farm equipment insurance covers various machinery or equipment used in agricultural operations to protect farmers from financial loss due to damage, theft, or other covered events. Farmers can rest assured that their essential equipment is protected with this insurance.

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Here are just a few of the items covered by farm equipment insurance:

Tractors

Coverage for both utility tractors and specialized tractors used for plowing, planting, and harvesting.

Plows

Coverage for equipment used to break and turn over soil for planting.

Planters and Seeders

Insurance for machinery used to plant seeds in the soil.

Harrows

Coverage for implements used for smoothing and levelling soil

Balers

Insurance for equipment used to compress and bind crops, such as hay or straw, into bales.

Sprayers

Coverage for machinery used to apply pesticides, herbicides, or fertilizers to crops.

Harvesters

Insurance for equipment used to gather and collect mature crops from the fields.

Cultivators

Coverage for implements used to cultivate the soil around growing plants.

Hay Rakes

Insurance for machinery used to gather and arrange cut hay for drying.

Disc Harrows

Coverage for implements used to cultivate the soil around growing plants.

Irrigation Equipment

Insurance for pumps, pipes, and other equipment used for farm irrigation.

Livestock Handling Equipment

Insurance for equipment used in the handling and care of livestock, such as chutes and corrals.

Some items like aircraft, ATVs or snowmobiles are not included in this coverage. Your Excalibur Farm Insurance broker will work with you to evaluate your coverage needs for all the machinery and equipment important to running your farm.

Farm machinery and equipment are valuable investments that require proper insurance coverage. At Excalibur Farm Insurance, we offer two options for insuring your machinery and equipment. You can either list them individually on the policy or cover them under a blanket policy by class. Our team will carefully review your coverage to ensure that everything is accounted for, and we will conduct yearly checkups to include adequate coverage for specific farming activities and equipment.

Newer farm machinery can be covered on a replacement cost basis, while older equipment will be covered on an actual cash-value basis. We will regularly review your policy to ensure that the limits for each item are accurate. Our goal is to help you avoid paying for coverage that you don’t need.

As you purchase or sell machinery and equipment, we will explain the notification requirements to ensure that the new items are included in your policy. We can also extend coverage to non-owned equipment that is borrowed or rented. Additionally, we offer a loss of use endorsement that can cover renting a replacement unit until the damaged or destroyed unit is repaired or replaced.

Your farm equipment is essential to the success of your farm, which is why our team is committed to providing ongoing support and protection for your complete farm situation. Contact your Excalibur Farm Insurance broker today to ensure that your assets are properly insured.

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