Best Farm Insurance Companies in New Jersey

If you're living the American dream by owning a piece of land, you'll want to make sure it's protected. You can go it alone and take a wild guess or work with a licensed professional for free. New Jersey business insurance can help cover your farm operation through highly rated carriers.

A New Jersey independent insurance agent will do the shopping for you at no additional cost, making it super-easy. They'll even review and compare quotes so that you're getting the best deal in town. Connect with a local expert for tailored protection today.

What Is Farm Insurance?

First, you'll want to understand how farm insurance works before finding out who offers the best coverage. Take a look at which exposures can be covered under farm insurance in New Jersey:

• Farm insurance: Several insurance policies could fall under farm coverage. Liability, property, equipment, crop, livestock, and homeowners are the typical options you'll be met with when deciding on coverage.

The Best Farm Insurance Companies in New Jersey

When people say the best, the answer is usually relative. The best insurance company for your farm may not be the best for the one down the street. However, knowing where your peers put their trust when it comes to coverage can be very telling.

Largest multiple peril crop insurance companies in the US, by direct premiums written

Where other farmers place their money is a good indicator of whether they are worth the premium. When shopping for farm insurance, consider what each carrier has to offer.

How Much Does Farm Insurance Cost in New Jersey?

In New Jersey, the value of private crop-hail insurance coverage is $250,000. Each policy will have a different premium for every farm. Carriers calculate your costs by using the information below:

• Prior losses
• Value of farm equipment and property
• Value of crops
• Your age and experience
• Length of time with the previous carrier
• Local crime rate

Largest insurance companies in the US, by total assets

Since your risk is not the same as anyone else's, your premiums won't be either. To find out your exact pricing, you'll have to obtain quotes. 

What Do Farm Insurance Companies Offer in New Jersey?

Your New Jersey farm insurance will be specific to your needs. However, there are still foundational coverages that set the stage for every farmer. Take a look at standard options to consider for your farm:

• Liability: A general liability policy will provide bodily injury and property damage coverage.
• Commercial property: This policy covers your farm structures and pole barns, and can even insure your equipment.
• Business interruption: If you have to close down due to a covered loss, this coverage will foot the bill for regular expenses for a period.
• Accidents: This can be anything from coverage for electrocution, fire, and smoke, to loading and unloading of livestock.
• Natural disasters: Volcanic eruptions and sinkholes are covered. Typically floods and earthquakes are covered under separate policies.
• Weather events: Lightning, wind, hail, tornadoes, and more.
• Crimes and civil unrest: This is for theft and vandalism of livestock.
• Crops: There are a couple of different crop policies you can obtain. All will cover various types of damage to your crops and replace if necessary. 

When Is the Best Time to Buy Farm Insurance in New Jersey?

Coverage for your New Jersey farm needs to be immediate when you become the titled owner. To get started, your adviser will need to know some of the following information:

• Your herd's specifics: You'll need to cover the risks that are specific to your herd. Horses will have different needs from cattle and so on.
• What your livestock is worth: This is the value you can get in the marketplace for your livestock. You are covering the risk of the replacement cost if something happened to them.
• If you have crops: If your farm deals with planting and producing crops, you'll need separate crop insurance.
• Other structures and buildings: If you have a home, pole barns, and more on your property, you'll need coverage for the buildings themselves.
• What preemptive protection you have in place: Carriers will want to know how you are proactive, such as if you are accounting for the risk of predators by having fencing and more. 

How a New Jersey Independent Insurance Agent Can Help

When you own a New Jersey farm, it's your livelihood. Without the right protection from a loss, you could land in financial ruin fast. Fortunately, you're not alone, and a licensed adviser can help for free.

A New Jersey independent insurance agent works with several carriers at once, so you don't have to. They'll even do the shopping at no additional cost, making it a no-brainer. Connect with a local expert on trustedchoice.com for custom quotes to get started.