Farm Insurance

A farm insurance policy, not unlike a home insurance policy, has personal lines which refer to protection of the dwelling and personal property. Because a farm is also a business, the policy is amended to also include coverage for property that pertains to the business of farming. Farmers need this hybrid policy to protect both their residence and their livelihood.

Purpose

The purpose of this course is to familiarize insurance professionals with the unique features of these hybrid policies and prepare them to competently serve clients seeking farm insurance information and protection.

Course Content

The course covers the following topics:

• Explanation of the aspects of farm policies and the need for this coverage
• Unique aspects of the Application
• Coverage and Exclusions for Machinery and Equipment
• Coverage and Exclusions regarding Livestock
• Coverage for Farm Produce
• Business Interruption coverage
• Common Clauses in farm policies

Practice Questions