The type of coverage you need depends on the type of farm you run. You may require specific coverage for the type of livestock you raise or the type of produce you harvest. For example, a berry farmer may choose "Consequential Loss" coverage.This coverage would not be beneficial to a hay farmer, for example, as the produce is not affected by changes in temperature. It’s important to discuss your operations with your agent so that they can tailor your coverage to your needs.

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Review the questions to ask when shopping for farm insurance.

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"Replacement cost" relates to personal property and covers the full cost of repair or replacement with no depreciation, but doesn’t pay in excess of the amount for which you are insured.

"Replacement cost guarantee" relates only to your dwelling. With this coverage, you will have your dwelling replaced with similar kind and quality of materials, with no deduction for depreciation. The total cost of replacement can exceed the amount for which your dwelling has been insured. To qualify for this, you must insure for the full value of your home and advise us of any improvements or additions to your dwelling. (Some restrictions apply with regard to earthquakes and British Columbia.)

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If you are unable to continue your farming operations due to an insured risk such as a fire, your business interruption insurance would cover you for lost revenue. There are several different types of business interruption coverage available and your agent will be able to discuss all of them with you to see what would be most appropriate for your operation.

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There is a $3000 home business limit with your dwelling coverage. However, a Farm-Guard policy does not provide the full coverage that a home business requires (e.g. property, money, business continuation expenses, and liability for business-related losses). That’s why we developed the Home Business Package endorsement for farmers who operate a business from their premises. Ask an agent for more information.

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Yes, provided you carry the proper level of coverage. If the livestock drowned, you could be insured against financial loss. Check with your agent  to ensure you carry proper coverage limits.

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Our ‘Loss of Use’ endorsement is available and highly recommended. This optional coverage provides for the rental of replacement machinery in the event of damage or loss from an insured risk.

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Do what you can to minimize the damage.   We are proud to offer 24 hours emergency service.  To report a new claim at any time, contact The Co-operators claims office by dialing 1-877-NU-CLAIM (1-877-682-5246).  Quebec clients, please dial 1-877-594-COOP (1-877-594-2667).

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