Farm policy vs home owner?

Question

can some one tell me if there is a diffrent rate between farm and homeowner insurance

Answer 1

Not much.  I looked into it once, and the difference was slight.  I was going to change to a farm policy because I was going to be selling veggies at the farm market, and the market required me to have insurance.  It would have cost me $100 a year more, or so.

I ended up selling to a restaurant who didn't care if I was an insured farm or not, so I ended up not switching.

Answer 2

There is a different rate between one homeowners and a second homeowners policy, so heck yes, there's a difference between a homeowners and a farmowners.  Which one is cheaper?  It's impossible to say.  There are some farms that are cheaper than some houses - and the reverse.

The BIG difference, is coverage.  If you have farm exposures, like more than one "other structure", extensive fences, livestock, farming equipment like tractors, multiple dwellings on the farm, or more than a few acres of land, the farm policy is going to give you better COVERAGE.

Bottom line - if you want to shop by price, buy a renters policy - that's cheapest.  It covers stuff in your house, and liability in your house.      

But MY recommendation is to shop by COVERAGE.   Sit down with an agent, go over what you do, what you have, and what you need.