Hobby Farm Insurance in Ontario
Hobby farms in Ontario are defined as: small farms that are on 100 acres or less of workable land, contain less than six, non-saddled, animals. Also, these small farms generally generate no more than $8,000 gross income during the year. Hobby farms can range from a large acreage home, to a family farm that creates produce that is sold at the local market on weekends.
As a hobby farmer, your farm is a part time investment, in most cases. However, this doesn’t mean that you aren’t still investing a lot of time and money into your hobby farm. The time invested to waking up early to feed your animals, water/fertilize your plants, keep track of harvest times and animals that you have cared for during the year.
The produce made on your family farm may be used to for personal consumption, or you could be branching out as a small business to sell your goods at local markets throughout the year. Either way, you want to make sure that you protect your investment with the right hobby farm insurance policy.
The specialty programs in our office can offer protection against water damage to buildings, liability coverage, coverage for losses of product. Hobby farm insurance can cover outbuildings that your personal insurance wouldn’t cover in case of an accident or damage. If you need insurance to cover your animals, outbuildings, equipment, and any produce coming from your farm. Your standard home policy won’t be able to support these unique farm coverages.
Arranging correct coverage allows confidence in support from your insurance program. Also, coverage can offer protection for poultry, eggs, livestock, and produce. Having proper coverage for the animals or livestock on your farm also needs to be considered. Coverage would include death or injury, or if they cause damage in some way (for example, if they get loose and are hit by a vehicle on the road).
At Duliban Insurance, we customize an insurance program that covers all aspects of your hobby farm. This includes but not limited to; machinery, outbuildings, produce, liability, and operations. We eliminate any confusion our clients might have, through frequent communication and expert advice. Allow us to review your hobby farm and provide an accurate, updated insurance options and packages within out brokerage.
Hobby farm policies help cover the wide range of equipment, buildings, and work that you do on your farm. From getting up early to feed and water your goats, chickens, horses, and cows, too careful fertilizing your garden and investing in a greenhouse structure for the winter, there are many ways in which you financially and personally invest in your hobby farm.
Structures: For starters, hobby farm insurance protects structures. If you have a small shed, greenhouse, barn, or other outbuilding that you use for farm equipment, this can be covered under your hobby farm insurance policy. You will also need specific coverage for the farm equipment you have, which might include a small tractor in addition to more generic gardening equipment.
Livestock: Additionally, hobby farm insurance can protect your livestock. Hobby farmers are often able to insure individual animals or get them covered as part of a blanket policy with an agreed upon coverage value. You can choose your coverage amount based on the value of your animals as well as the value of products like eggs, milk, or meat that you obtain from that livestock.
Liability: One of the most important parts of an insurance policy is the liability coverage. This helps you in case of a lawsuit filed against you. For instance, if you sell your product at a local market and someone gets sick because of it, they could bring legal action against you. Your liability insurance, which is recommended at $2 million or more, can help financially protect you in these circumstances.
Add-on policies to a hobby farm insurance policy can include additional automobile coverage if you use your regular car or truck for your farm work, loss of income insurance, and more.
For more information, hear from others who have worked with Duliban to find the right insurance policy for their hobby farm. Whether you are thinking about starting a farm or already have one going, read these testimonials to learn more about hobby farms and finding the best insurance policy to protect your investment.
“Duliban was amazing when we needed to file a claim on a Friday evening. The customer service went above and beyond what my husband and I expected. During a very stressful time they made filing our claim and helping us out an extremely smooth process.” – Jennifer E