Farmowners Insurance
There's nothing like living and working on a farm, and there's nothing like comprehensive Farmowners insurance coverage from Hastings Mutual. Protect your property, your equipment, and your business with the company that knows how much you contribute to your community.
Coverage Highlights
Our blanket coverage extends to your farm’s entire inventory, with an option to insure your blanket at 85% of its value. We don’t require you to pay for 100% of the value if you don’t need it.
You don’t want a broken or cracked window when you’re behind the wheel of your farm vehicles. This coverage is available to you with no deductible.
When your equipment stops working, it can be costly. We’ll cover computers, generators, and other covered equipment, and resulting expenses.
If you’re the victim of a hacker or thief, we can help cover the costs of repairing your credit and recovering your identity.
Related Coverages
Business Auto
Coverage for your work vehicle or an entire fleet.
Business Umbrella
Additional coverage when you need to go above and beyond your regular policy.
Inland Marine
If you ship valuable products or equipment over land, this coverage is for you.
Workers' Compensation
Protect yourself and your staff if there's an injury or disability on the job.
Other Farmowners Comprehensive features include . . .
Additional Operating Expense
Sometimes a claim can result in unexpected additional expenses; this optional coverage can help you manage those.
Automatic Coverage for Newly Constructed Outbuildings
Barns, sheds, and other structures you’ve added to your property in the last year are included in your coverage. The coverage limit is $50,000.
Farm Business Income and Extra Expense
This optional coverage applies to income you lose while your farm business is shut down because you’re restoring your property. This coverage also applies to added expenses that are a result of your claim.
Loss of Income
If you can’t earn income because your covered building is being rebuilt after suffering damage, we’ll help cover your lost income with this optional coverage.
New, Leased, Borrowed Farm Machinery
Farm equipment is covered if it’s damaged or a loss. The limit is $100,000 for the first 30 days after purchase, lease, or borrowing.
Replacement Cost for Outbuildings
This optional coverage helps pay to replace damaged or destroyed buildings on your property, other than your main residence.
Special Coverage for Mobile Farm Machinery
This optional coverage is commonly known as “Rock in the Combine” coverage. It broadens the number of situations your specified machinery is covered against.
Standing Grain Covered for Fire and Lightning
Grain covered by your policy that has not been harvested is protected if it catches on fire or is struck by lightning.
Sudden and Accidental Pollution
Accidents happen. If an unexpected discharge affects someone else’s property, we’ll cover the costs up to $25,000. Higher limits are also available.
Managing Farmer Stress
The World Health Organization identifies several stress-related work hazards, including:
But there are some unique challenges for farmers and farm workers that office staff and retail employees don’t face, such as:
There aren’t many statistics on workplace stress in the farm industry, though a study by the Centers for Disease Control and Prevention found that the suicide rate for agriculture workers in 2015 was 32.2 per 100,000 people, across 17 states. That’s more than twice the rate for the general population (13.3) in the same year.
Research by the American Farm Bureau Federation early this year found that almost half of all rural adults are personally experiencing more mental health challenges than they were a year ago. Since 2013, there has been a 50% decline in net farm income nationwide. All of this points to a series of serious mental health challenges.
Hastings Mutual’s agricultural partners at the National Farmers Union, Farm Credit, the American Farm Bureau Federation, and Michigan State University Extension are taking action to put farmers in touch with mental health support. This week, they’re launching a program to train loan officers and others who work with farmers to “recognize signs of stress and connect (stressed) farmers with professional help.”
“Between stigma, a lack of mental health care in rural communities, and poor broadband access, there are so many barriers to getting help,” said National Farmers Union president Roger Johnson in a press release.
The organizations have not yet announced any specifics on training, but there already are online resources available, like the National Farmers Union’s Farm Crisis Center and the MSU Extension’s Managing Farm Stress site. Clicking there takes farmers to support after a disaster, assistance with loans and other funding, and more.
Hastings Mutual’s Farmowners insurance offers coverages on farm machinery, buildings, and business (like loss of income coverage and grain coverage). But a farmer’s mental health is even more important than farm vehicles and property. No matter what the situation a farmer faces, he or she should know there are people who are there to help.
The Mutual Understanding blog and Hastings Mutual videos are made available for educational purposes only. The information referred to is not an official company statement, corporate policy, or offer of coverage. Refer to your insurance policy for specific coverage. There is no representation as to the accuracy or completeness of any information found by following any link on this site. Please contact your local independent insurance agent with further questions and for more details on any insurance policy-related information you read here.
© 2019 Hastings Mutual Insurance Company. All rights reserved.
The information on this page is made available for educational purposes only. The information referred to is not an official company statement, corporate policy, or offer of coverage. Refer to your insurance policy for specific coverage. There is no representation as to the accuracy or completeness of any information found by following any link on this site. Please contact your local independent insurance agent with further questions and for more details on any insurance policy-related information you read here.
Hastings Mutual Insurance Company
404 E. Woodlawn Ave.
Hastings, MI 49058
Monday-Friday
8:00 a.m. - 4:30 p.m. (EST)
(800) 442-8277
