FarmInsure is the “all risk” (except for livestock) policy for Ontario farms. It provides coverage for property of every description (single limit):
- Dairy
- Beef
- Horses
- Vegetable (including processing)
- Fruit (including pick-your-own)
- Cash Crops
- Mixed Farming
Qualifications
- Above average in quality and loss experience
- A working farm (100%)
Coverage
- “All Risk” (including snow load)
- Livestock is named perils with an option to purchase partial mortality coverage
- Farm Machinery
- Waiver of Depreciation for 2 years from purchase new
- Actual Cash Value
- Loss of Use
- Damage to Non-Owned Farm Machinery
- Loss of Farm Income
- Liability
Benefits of Property of Every Description Insurance
- There is no requirement to advise us mid-term of items sold or purchased; you only need to make sure that values in total meet co-insurance requirements
- It is simple to track individual items on the Statement of Values
- In the event of an insured loss, individual items are not limited by specific amounts of insurance (subject to co-insurance requirements)
Summary of Coverages
All Property Except Livestock
- “All Risk” Building and Contents (including snow load) – Replacement Cost
- Fire Department Charges
- Removal of Debris
- Exterior Wiring
- Pollution Coverage
- Lawns, Trees
- Jewelry
- Numismatic Property
- Manuscripts
- Silverware
- Bicycles
- Securities
- Money
- Watercraft
- Computer Software
- Credit/Debit Cards
- Counterfeit Money
- Safety Deposit Box
- Lock Replacement
- Freezer Contents
- Emergency Evacuation
- Students away from Home
- Incidental Business Property
Farm Machinery
- Loss of Use
- Non-Owned Farm Machinery
- Waiver of Depreciation
Livestock
- Named Perils
- Partial Mortality Coverage optional
Produce
Loss of Farm Income
- Option to increase base limit
Farm Liability
Farmer’s Limited Pollution Liability
This page contains general descriptions only. The exact provisions, terms and conditions of the policy apply in all instances.
