Farm Equipment Insurance
G5 Insurance Agency proudly offers farm equipment insurance in New York, New Jersey, and Pennsylvania. Call 845-842-1226 to learn more or get a quote.
If you run a farm, you know how crucial your farm equipment is to your livelihood. Farming has always relied heavily on equipment, but modern farms tend to rely on precision techniques and sensitive, breakdown-prone systems that are run harder and longer than ever before. Farm equipment insurance goes much further than simply property damage coverage, as it also includes breakdowns.
Typical Farm Coverage
All policies are slightly different, and it is important to read the fine print. In general, though, farm equipment insurance typically covers the following:
- Direct physical damage to covered equipment whether on or off-site
- Lost farm income arising from a covered breakdown
- Hazardous waste cleanup when necessitated by a covered breakdown
- Additional costs of mitigating loss
- Spoilage due to a covered breakdown
- Extra expenses related to a covered breakdown of electrical generating equipment
Types of Breakdowns
Farm equipment is subject to innumerable types of breakdowns. Some of the most common include:
- Mechanical breakdown
- Electrical problems
- Centrifugal force damage
- Boiler problems such as overheating, cracking, or bulging
- Bulging, cracking, or collapse of a pressure vessel
Check your specific policy for any exclusions. In general, though, most farm equipment insurance policies include everything related to your farm business, such as:
- Well pumps for irrigation and animal drinking supply
- Generators to power farm machinery and for back-up power to the farm
- Refrigeration units specifically used for the farm
- Boilers and pressure vessels
- Heating, cooling, and ventilation systems
- Water heaters specifically used for the farm
- Electrical distribution systems
- Computers, GPS units, and electronic equipment used in farming
- Farm implements and external electronics used to operate them
If you run a farm, you cannot afford not to insure your farm equipment. Modern farms rely heavily on expensive equipment, and the longer a vital component is out of service, the more revenue you will lose. Fortunately, farm equipment insurance covers not only physical damage but also breakdowns of the items you need most.
Call 845-842-1226 to learn more or get a quote.
It is a pleasure doing business with Eric Goldstein. Eric is knowledgeable in all aspects of the insurance industry and he works tirelessly to get us the best possible coverage, while looking to help save us money. Eric would even offer us new types of insurances that we never thought of, upon renewal; like Cyber insurance, to make sure that our company was protected completely as his client.
We have worked with Eric for 10+ years and even being out of state we always felt we were a priority and our insurance needs were handled in a professional manner.
We have used Eric Goldstein for our business insurance needs for the past ten years and just recently moved all of our personal insurance to him as well. During that time he has been professional, very approachable and always knowledgeable about the business, ensuring we get the best rates and products available. He and his staff are extremely easy to work with and always get you what you need in a timely manner.
I have had the pleasure of working with Eric for my vehicle insurance for a few years now, after a nightmare with my last broker, Eric swooped in, took over my account and put my mind at ease. Eric put in time and consideration when looking for a policy that fit my needs and my wallet. I highly recommend Eric, he is not only personable but also very business savvy.
I have worked with Eric for more then a decade. Every interaction is easy, simple and informative. When I have had to file a claim Eric is there to assist and then to follow up directly. Effectively, all of the headaches that accompany buying, needing or filing insurance claims are eliminated because of Eric. I would highly recommend to anyone to utilize his services!
For 7 years we’ve worked with Eric Goldstein for all our insurance needs. Eric is a trusted business consultant for our companies and always leads us in the right direction to protect all our business and personal interests. It’s not very often you can find someone that answers their cell phone 24 hours day/7 days a week. He is always personally there to help with anything that comes about, taking time and patience to walk us through. We can assure you that using this company will be a great decision for your insurance needs.