Farm Insurance 101: Equipment Breakdown

All farms heavily depend on machinery that constantly faces harsh environmental conditions and challenging working environments. When this machinery experiences mechanical failures or is affected by external factors, farmers not only have to bear the costs of repairing the damaged equipment but also suffer significant setbacks in terms of business interruptions and reduced production.

Some insurance providers offer Equipment Breakdown Coverage tailored for farm owners to provide aide beyond the scope of a standard risk policy. The coverage may encompass the following:

• Physical harm suffered by the insured equipment.
• Compensation for business interruptions resulting from equipment breakdown.
• Reimbursement for the loss of value due to spoilage caused by equipment malfunction.
• Coverage for mechanical breakdown.
• Protection against shorted electrical circuits.
• Safeguarding against overheating, cracking, or bulging of boilers or other pressure vessels.
• Coverage for centrifugal force-related issues.
• Protection against ammonia contamination resulting from equipment breakdown.

Covered Equipment may include:

• Air Conditioning Units
• Boilers
• Communication Systems
• Compressors
• Computers
• Electrical Distribution Systems
• Electrical Equipment
• Emergency Generators
• Engines
• Fans
• Fired/Unfired Vessels
• Fired Water Heaters
• Generators
• Heating and Cooling Systems
• Mechanical Equipment
• Motors
• Pressure Vessels
• Process Machinery
• Pumps
• Refrigeration Units
• Service Interruption
• Stationary Farm Machinery
• Switchboards
• Transformers
• Vacuum Systems

To learn more about the insurance products available for farm risk management, reach out to Chelsea Heatherington at Kingsgate Insurance.

Chelsea Heatherington, Farm & Ag Specialist

Call or Text: 515-302-8400

Email: chelsea@kingsgateins.com