{"id":7964,"date":"2020-05-15T10:58:00","date_gmt":"2020-05-15T10:58:00","guid":{"rendered":"https:\/\/301webdemo.com\/oegema\/?p=7964"},"modified":"2026-02-06T05:07:35","modified_gmt":"2026-02-06T05:07:35","slug":"what-you-need-to-consider-when-insuring-farm-equipment","status":"publish","type":"post","link":"https:\/\/www.ona.ca\/blog\/what-you-need-to-consider-when-insuring-farm-equipment\/","title":{"rendered":"What You Need to Consider When Insuring Farm Equipment"},"content":{"rendered":"\t\t
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Your farm is dependent on the equipment you use. Without it, you cannot work your land, care for your livestock, or make a living. However, many farmers are unaware that their farm equipment is not necessarily insured under the insurance policies they currently own. As a farmer, it\u2019s crucial to have the proper coverage for all aspects of your business, from the land you work to the outbuildings, your livestock and your equipment. If you\u2019re looking for the best possible insurance coverage for your farm equipment, here\u2019s what you need to consider.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Protection Against Loss of Equipment<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Depending on the type of farm you operate, you may have a long list of equipment, or you might simply have a truck and a tractor. Regardless of whether you require multiple pieces of equipment or just the basics \u2014 when your equipment is out of commission, so is your ability to earn.\u00a0When you choose farm equipment insurance<\/a>, you can include it as part of your overall farm\u00a0insurance<\/a>\u00a0package and arrange to \u201cbundle\u201d it for the best coverage at the lowest rates. You will be covered for financial loss or damage, so should the worst happen, you can get back to work quickly. Many farmers assume their equipment is covered under either their\u00a0home insurance<\/a>, auto, or commercial insurance policies; however, this is often not the case.\u00a0Farmers should always review their insurance policies<\/a>\u00a0thoroughly with their insurance provider to better understand what additional insurance is required.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Types of Farm Equipment Covered<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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When applying for insurance, be certain to list all the machinery you use. The basics might include:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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