What Kind of Insurance Do I Need for My Ranch?

If you have recently decided to buy the ranch of your dreams, then it is time to start thinking about specialty insurance.  Purchasing a generic home or business insurance policy for your ranch is going to expose you to a wide variety of unnecessary risks in the coming years.  Here is a quick look at some of the add-ons that you might want to include in your insurance policy.

Heavy Machinery

Any heavy machinery that is used on your property must be specifically added to your ranch insurance policy.  Even if you do everything in your power to protect that equipment, some variables are always going to be outside of your control.  For larger pieces of equipment, you should consider replacement cost insurance instead of cash value insurance.  Replacement cost insurance will provide you with an immediate influx of cash to purchase a new piece of equipment so that there … Read the rest

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