Cost of hobby farm insurance The cost of a hobby farm insurance policy will vary depending on a number of factors, including the size and location of the farm, the type of animals and crops being raised, and the policy limits. However, hobby farm insurance policies are typically much less expensive than commercial farm insurance policies.
Cost of hobby farm insurance The cost of a hobby farm insurance policy will vary depending on a number of factors, including the size and location of the farm, the type of animals and crops being raised, and the policy limits. However, hobby farm insurance policies are typically much less expensive than commercial farm insurance policies.
What is Farm Hobby Insurance?
What agricultural sizes do you consider “hobby farms?” – Our hobby farm insurance package is designed for farms up to 200 acres in size (80 hectares) with an annual revenue of less than $50,000. Hobby farm insurance from CGU is designed for small-scale farms and lifestyle properties that are primarily operated for enjoyment or a side income, as opposed to a larger-scale agricultural business.
While certain hobby activities may be covered by your homeowner’s insurance, as your small farm expands and generates income, hobby farm insurance or even small farm insurance will provide further protection. If you begin selling farm-grown vegetables or products, you should consider purchasing product liability insurance.
Your farm may be a hobby farm.
What Is a Hobby Farm? – Although hobby farms might differ greatly, they all have one thing in common: they are not a primary source of income. Regardless of the type of cattle, crops, or other items on your land, if your farm is not your primary source of revenue, it is likely a hobby farm. Regardless of its categorization, your hobby farm is valuable to you and your family and must be insured.