While crops like corn and soybeans are grown in the Camden, SC area, the top commodity here is turkeys. More than $130 million worth of turkeys are raised in Kershaw County alone every year. If you are among the many farmers in or near Camden, you can protect your investment with a suitable farm insurance policy.
Local independent agents can help you review policies and prices from a variety of top-rated insurance companies. That way, you can be sure you are getting your coverage at a competitive rate. Contact an insurance agent near you to start comparing customized quotes for farm insurance.
What Is Camden Farm Insurance?
Farm insurance is designed to meet the unique coverage needs of farm and ranch owners. It combines coverage for your home with coverage for your farming business in a single, easy-to-manage policy package.
Independent insurance agents can help you review your various coverage options. That way, you can be sure you are purchasing a policy that covers you against all of the potential hazards you are likely to face as a farmer in the Camden, South Carolina area.
Camden Farm Insurance Covers against Liability Risks
Farm and ranch owners have several liability risks. That is why farm insurance includes liability coverage as a standard part of every policy. Farm liability insurance is designed to pay for your court costs, legal fees, and damages if you are sued for a covered event. Some examples of available coverage include:
- Premises liability insurance: This can pay for costs related to damage and injuries sustained by others if guests, visitors, customers, or delivery people are involved in an accident while on your farm property.
- Product liability insurance: This can pay for costs associated with third-party illnesses, injuries, or other damage if they are caused by a defect in a product that your farm produces or sells.
- Operations liability insurance: This is can pay for third-party injuries or property damage that may be caused by you or your employees while doing work on your farm.
- Workers’ compensation insurance: If you have four or more workers on your farm and pay out more than $3,000 a year in payroll, you are required by the state to cover your employees with workers’ compensation insurance. This can cover the cost of treating employee injuries and lost wages if they are hurt on the job.
An independent insurance agent can provide more details about these and other liability coverage options that are available to you. Your agent can then advise you about which coverage makes sense for your Camden-area farm or ranch.
Camden Farm Insurance Covers Your Property
Farm insurance also provides you with property coverage. It can cover the cost of repairing or replacing personal and farm property if it is damaged by a covered event such as a hurricane, tropical storm, tornado, hail, or fire.
Some of the property that your policy can cover includes:
- Your home: If your family home is on your farm or ranch property, farm insurance can provide you with coverage for the structure of your house (dwelling) as well as for the property (contents) inside it.
- Outbuildings: Your policy’s property coverage can cover the other buildings and structures on your farm property. This includes barns, sheds, silos, stables, and garages.
- Equipment and machinery: Your farm insurance policy can cover the cost to repair or replace farm equipment and machinery such as tractors, plows, balers, cultivators, sprayers, and sprinkler systems if they are damaged by a covered event.
A local independent insurance agent can help you find an affordable policy that will provide you with the right coverage for all of your farm property.
Camden Farm Insurance Offers Specialized Coverage
A typical farm insurance policy will usually offer many other coverage options. You can customize your policy by choosing only the options that make sense for your particular farm or ranch. Some options you may want to consider include:
- Livestock insurance: This can cover the animals you raise on your farm, such as turkeys, goats, and cows, against accidental losses that may occur due to life-threatening injuries caused by hazards like floods, loading and unloading accidents, attacks by wild animals, and electrocution.
- Specialized property insurance: You can purchase endorsements to cover certain property that is essential for operating your farm but that may be excluded from your regular property insurance. This can include electric fences, livestock feed, and irrigation systems.
- Equipment breakdown insurance: This can pay to quickly repair or replace malfunctioning or broken-down farm equipment so you can keep your business running smoothly.
- Farm income insurance: This coverage is designed to make up the difference between expected and actual profits if your farm’s operations are hindered by a disaster such as a wildfire, drought, or hailstorm.
- Debris clean-up and removal insurance: You can buy coverage that will cover the cost of timely clean-up of debris if severe weather causes extensive damage to your farm or ranch. That way, you can get back to normal operations as quickly as possible.
- Crop insurance: This is a separate policy that can cover weather-related damage to your crops as well as losses related to unexpected fluctuations in market values.
Talk to an insurance agent near you to learn about these and other coverage offerings that are available to you. Your agent can help you decide which options are a good fit for your particular farm.
Why Work with an Independent Insurance Agent in Camden, SC?
When you contact an independent insurance agent who lives and works in your community, you can be sure that you are getting advice from an insurance professional who is familiar with the risks you face as a farmer in the Camden area. These agents can shop around to find you a suitable farm insurance policy at a competitive price.
Contact an insurance agent near you to learn more about your options when it comes to farm insurance. You can start comparing customized quotes in no time.
©2020, Consumer Agent Portal, LLC. All rights reserved.