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Because Farmers and Ranchers usually love to work on their own land, they need a combination of Personal Insurance and Commercial Insurance.
For specific coverages, kindly refer to your Insurance Policy.
Farm Insurance also covers Liabililty, arising out of either Personal or Farming activities.
The Personal Insurance aspect is similar to a Homeowners Policy, covering the farmers home and Household Property. The Commercial Insurance aspect is similar to Commercial Property and Inland Marine Coverage, covering property used in Farming Opertions, including Livestock, Mobile Equipment and Machinery, and Farm Structures such as Barns and Outbuildings.
Farm Insurance provides this blend of coverages.
About the Author: Ahsan Bashir is an experienced Tax Consultant based in Irving, Texas, with over 25 years of expertise spanning Taxation, Accounting, Business Lending and Mortgage, Risk Management, Business Insurance, and Business Consulting. Through his firm, Z-Tax & Accounting, he provides comprehensive financial services including Individual and Business Tax Preparation, Bookkeeping, Payroll Processing, and Business Consulting. As an Enrolled Agent authorized to practice before the Internal Revenue Service (IRS), and an IRS Certifying Acceptance Agent (CAA), Ahsan Bashir delivers trusted, professional solutions tailored to the unique needs of both individuals and businesses.
NMLS: 1965714, NPN: 7702637, PTIN: P01280330, TX Online SOS Notary ID: 126282896