Don’t Fall For These Farm Insurance Myths and Misconceptions

farmers homeowner insuranceAbout 93% of American homeowners have at least basic homeowners insurance. But it’s not just homeowners that require an insurance policy to protect their assets — farmers can also benefit tremendously from a well thought out farm insurance policy. Unfortunately, there are a number of myths and misconceptions that can create gray areas and deter people from getting farm insurance who may, in fact, need it most. With that in mind, here are just a few common myths about farmers homeowner insurance that you can kick to the curb.

Farm insurance is too expensive.

Perhaps the biggest misconception behind this unique type of insurance, this statement simply isn’t true. According to the 2015 Insurance Barometer Study, those with no life insurance think its three times more expensive than it actually is, and many people feel the same about farmers insurance. But the truth is, most farm insurance policies are very reasonable when it comes to pricing. Experts say that the average farmers homeowner insurance policy is between 2% and 7% of your farm’s liabilities. Many times, government subsidies may help offset the costs of insurance premiums as well. Don’t ever let this misconception deter you from exploring your wide range of farm insurance options that help you protect your property.


Farm insurance policies require too much paperwork and are too tedious.

This is another common myth, and while it’s ultimately a subjective statement, it’s greatly over-exaggerated. The bottom line is that all types of insurance policies require some level of paperwork and back and forth communication between the provider. This is not nearly as complex as some people think, and the right provider will be happy to walk you through each and every step of the process to make sure you get the coverage your farm needs.


Ultimately, understanding the truth about farmers insurance can help you make the best decisions about your policy needs. For more information about farm insurance policies and providers, contact Farmers Union Insurance.