Dwelling & Personal Property

Dwelling and personal property coverage provides protection for your home and your belongings at actual cash value. Your home and personal property are insured against covered perils.

Example: The roof of your home is damaged by a windstorm. The necessary repairs or replacement of your roof would be covered at actual cash value subject to your deductible and policy limit.

Farm Personal Property

Your equipment, supplies and products for farming or ranching operations (including but not limited to: feed, seed, livestock, poultry, agricultural machinery, vehicles, tools, etc.) can be covered on a scheduled or unscheduled basis.

• Drowning due to flooding
• Collapsed buildings
• Electrocution generated by artificial electrical current
• Accidental shooting by uninsured

Example: One of your head of cattle was struck by lightning and killed on your property. You would be compensated for the cash market value of the animal at the time of loss up to the applicable policy limit and subject to any applicable deductible.

Liability

Provides coverage for the property of others or bodily injury caused to others that you are legally liable for if it occurs on your property or as a result of your farm operation. Liability may cover medical payments to others, first aid expenses, claim expenses and damage to the property of others.

Example: A friend is visiting your property. A farm employee drives the tractor into his or her vehicle parked in your driveway. Liability coverage would pay for the repairs to the friend's vehicle.

Replacement Cost Loss Settlement for Dwelling

Protect the physical structure of your home with coverage that takes care of the full cost of repairs or replacements without a deduction for the depreciation.

Example: You have storm damage to your roof. The cost to replace the roof is $10,000 and your policy carries a $1,000 deductible. Your roof has a depreciation of 20%. With this premium, your policy would cover $9,000 ($10,000 - $1,000 deductible).

Replacement Cost Loss Settlement for Personal Property

Similar to a replacement cost loss settlement for dwelling, an endorsement can cover the cost of repairs or the replacement of your personal belongings.

Example: A kitchen fire starts on your 8-year-old stove, resulting in you having to replace it. Replacing it with a new stove — same brand and model costs $2,000. The depreciation of your stove is 15% ($300). With the endorsement, the policy would pay $1,000 ($2,000 – 1,000 deductible)

All Risk for Scheduled and Unscheduled Farm Personal Property

Some perils exclude your policy limits, considering it as “all risk” and are not covered. Add this coverage for what your policy excludes.

Example: During heavy rain, you remember leaving your tractor by a pond on the property. The water level rises, the field floods and damages your tractor. Your standard policy alone would not cover the damages.

Machinery Schedule

A machinery schedule allows you to list all the equipment being used in your farming operations.

Example: You damaged your tractor while using your skid steer attachment, but your policy only covers your tractor. Add this coverage to your policy to add your skid steer attachment and other equipment under your standard policy.

Increased Medical Payments for Farm Employees

Your farm employees need protection too. Add this coverage to your policy to cover potential medical expenses for your farm employee’s injury that occurred on your covered property.

Example: One of your employees slipped and fell in the barn and needs medical attention. This coverage will cover your employee’s emergency visit up to the applicable policy limit.