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  • Writer's pictureAmanda Bird

Everything You Need to Know About Farming Insurance

Updated: Nov 24, 2021

If you’ve done any farming, then you know how unpredictable things can be. Things could be fine one day and be completely catastrophic the next day. Indeed, erratic external factors outside of your control can simply derail your entire operations. Considering everything, it’s in your best interest to best protect yourself and your farm. One of the best ways to do this is through the use of insurance.

Now, many of you may not be familiar with what insurance that you’ll need for your farm. This isn’t too surprising as there are a slew of things that you need to keep track of. Given the general lack of knowledge regarding this topic, we thought it would be useful to put together a brief article discussing farming insurance. If this is something that you’re interested in knowing more about, read on as we break down everything you need to know about farming insurance.

What is Farm Insurance?

Now, the main thing you have to understand here is that there is no one policy that covers everything farm-related. The truth is, there are a multitude of insurances that are responsible for protecting your farm. Here are a few important ones that you have to know about:

  • Farm Property Insurance: Farm property insurance protects the non-domestic parts of your farm. It covers everything from fire damage to storm damage and is an integral policy for any farm owner.

  • Farm Interruption Insurance: Farm interruption insurance protects your farm’s revenue if it ever has to cease operations due to an external or internal event.

  • Transit Insurance: Transit insurance protects your goods while they are being transported. Aside from protecting your products, transit insurance also covers your livestock and machinery.

  • Farm Theft Insurance: Farm theft insurance is a policy that covers your assets from theft against an agreed-upon value. Since this is a blanket policy, any asset on your farm will be covered by this as long as it is within the range of the agreed-upon value.

  • Motor Vehicle Insurance: Motor vehicle insurance is a comprehensive policy against damage and loss to your vehicle. Vehicle, in this case, refers to farm trucks, trailers, tankers, and tractors.

  • Farm Liability Insurance: This type of insurance protects you from any legal actions and costs that are caused by 3rd parties who have been injured or suffered a loss as a result of your negligence.

What Does Farm Insurance Cover?

Considering how varied the insurance policies are, there’s no one way to answer this question. With that being said, it’s best that you go through the examples of farm insurance that we’ve listed above and see what best applies to your farm and your specific situation. If you have more questions about this topic, be sure to speak with an insurance specialist.


Hopefully, this article proves to be useful when it comes to furthering your understanding of farm insurance. As you can see, there are quite a few things that you have to take note of when it comes to the type of insurance that you need to use for your farm. Be sure to keep all of this information in mind when making decisions regarding your farm’s insurance.

Are you looking for the best insurance for farmers on the Gold Coast? New Wave Insurance has got you covered. Get in touch with us today to learn more about our products and services!

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