Agricultural Equipment Insurance
What Does Agricultural Equipment Insurance Mean?
Agricultural equipment insurance is a policy that covers farming tools and machinery in the event of damage. The tools and machinery must be essential for the operation of the farming business. The policyholder has the option to select specific items to be covered or to insure all farming equipment.
Insuranceopedia Explains Agricultural Equipment Insurance
This is also known as farming equipment insurance.
Agricultural equipment refers to any device, tool, machinery, or equipment used in farming. This includes, but is not limited to, tractors, sprayers, mowers, conveyor belts, and farm trucks.
Damage to this equipment may result from natural disasters, such as storms, or criminal acts, such as theft.
The policyholder can choose between a blanket policy, which covers all equipment, or a specific policy, where the insured selects the items to be covered.
