Farm Machinery & Equipment
Overview
The Farm Machinery & Equipment product provides coverage for any machinery or equipment used in your farm operation, excluding vehicles like ATVs or snowmobiles. Coverage can be scheduled itemized or blanketed by class.
Key Features:
- Replacement cost coverage for newer machinery
- Actual cash value coverage for older equipment
- Coverage for non-owned/rented equipment
- Optional loss of use endorsement for renting replacements
Coverage Considerations:
- Regular review to adjust limits as equipment ages or is bought/sold
- Notification requirements for newly acquired machinery/equipment
- Work closely with your broker to ensure nothing is missed
This tailored product protects your significant investment in farm machinery and equipment, with flexible valuation methods and optional endorsements to meet your specific operational needs.