Call Us 515-272-0020 ☰ ˟
Logo
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
    • Our Providers
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Personal Injury Protection (PIP)
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Personal Umbrella Insurance
      • Data Backup
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Individual & Family Health Insurance
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Long-Term Care Insurance
      • Temporary Health Insurance
      • Supplemental Insurance
      • Disability Insurance
      • Medical Expense Insurance
      • Child Health Insurance
      • Travel Health Insurance
      • Prescription Insurance
      • HSAs
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Catering Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Handyman Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Limousine Services Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Snow Plow Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
    • Coverage for Your BusinessImage of right arrow
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • Leave Management
      • Loss Control Insurance
      • Inland Marine Insurance
      • Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Shipping Insurance
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
  • Get A Quote
  • Contact Us
    • Contact Us
    • Our Locations
Icon Auto Icon Home
Icon Farm
Icon Crop
Icon Business Icon Health
Home > Blog > Farm Equipment Breakdown Insurance
FRIDAY, JANUARY 14, 2022

Farm Equipment Breakdown Insurance

The old saying goes that a farmer is nothing without his horse & plow. That’s still true today, but of course, horses and plows have evolved into very complex and expensive machinery. You want to keep all this machinery in prime working order. After all, if something happens to it, then not only could the equipment sustain damage, but your productivity might also drop. 

Most farmers carry property insurance on these items for times when an unforeseen hazard damages their equipment. However, another scenario that could impact operations is when a piece of equipment breaks down. Though the item itself might only need simple repairs, you might face lost time and money until you can have it fixed.  

In this situation, a special type of insurance called equipment breakdown coverage might come in handy. Here’s how it works. 

What is agricultural equipment breakdown coverage? 

Sometimes, an essential piece of farming equipment will malfunction. Or, perhaps someone makes a mistake that damages the item. In either case, work might come to a halt and you could face additional property damage risks. If you have equipment breakdown insurance, you’ll receive compensation to: 

  • Repair the damage to the equipment 

  • Replace equipment with a new item, if necessary 

  • Recover income lost as a result of the malfunction 


What items will it cover? 

Equipment breakdown coverage can insure equipment throughout your property, including in your barns and other structures. It can also apply to certain systems within your dwelling. Some of the items it will insure includes: 

  • Generators 

  • Ventilation systems, exhaust fans, heating and air systems 

  • Well pumps, water heaters, washers and dryers, boilers, irrigation pumps 

  • Milking equipment 

  • Feeders 

  • Alarm systems 

  • Conveyors 


One notable exclusion, however, is mobile equipment like tractors, forklifts, pickers, trucks and snowplows. These items often require specialty coverage of their own. 

So, suppose that one day your milking apparatus breaks down from a problem in the motor. Not only can you not milk your cows, but you cannot harvest an essential product. If you make a claim on your equipment breakdown insurance, your policy can pay for both the item’s repair and income lost as a result of the down time. 

Most of the time, the policy pays for the item’s value at the time of the breakdown. Additionally, you can buy an endorsement for your coverage that will allow you to upgrade your damaged equipment to a new item that is more energy efficient. 

It’s important to remember that equipment breakdown insurance is not a product warranty. Warranties only apply to singular items and in some cases, they won’t pay for replacement items. They also will never pay for lost income. As a result, while you can still purchase a warranty depending on your preferences, equipment breakdown coverage is often more expansive. 
Posted 11:54 AM

Tags: farm, equipment, livestock, ranch, insurance, coverage
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022

  • insurance(20)
  • coverage(16)
  • farm(13)
  • ranch(12)
  • livestock(10)
  • equipment(10)
  • auto insurance(5)
  • home insurance(4)
  • business insurance(4)
  • farm insurance(3)
  • business(3)
  • commercial(3)
  • liability(2)
  • health insurance(2)
  • crop insurance(2)
  • agriculture(2)
  • small(2)
  • policy(2)
  • crop(2)
  • truck(1)
  • transportation(1)
  • life(1)
  • companies(1)
  • owners(1)
  • boat(1)
  • terms(1)
  • restaurant(1)
  • pet(1)
  • travel health insurance(1)
  • umbrella(1)
  • agribusiness(1)
  • trucking(1)
  • deductible(1)
  • cyber(1)
  • rv insurance(1)
  • benefits(1)
  • retirement(1)
  • whole(1)
  • personal(1)
  • equine(1)
  • watercraft(1)

View Mobile Version
Insure your needs today!
Social Social
Quick Links
Home
Get A Quote
Customer Service
Payment Options
Report a Claim
About Us
Our Carriers
Partners
Blog
Contact Us
Location 203 4th Ave West
Swea City, IA 50590

Ph: 515-272-0020
Fx: 515-272-0022
Powered by Insurance Website Builder