Full Package Policy

Ark Agency Animal Insurance Services

FULL PACKAGE INSURANCE POLICY

Insure Your Home, Farm - Stable - Ranch Buildings, Personal & Farm Property for Multi-Perils, and Personal and Business Liability Under One Policy

HORSE FARM                                                                                              

HORSE RANCH

HORSE STABLE

HORSE BUSINESS

RURAL ESTATES                                                                                                              

HOBBY FARM

EQUESTRIAN HOMEOWNER

AGRI-TOURISM

RANCH TOURISM

If you own a horse business and your own property, it is often possible and less expensive to insure it under a package insurance program.  Instead of purchasing insurance for liability and farm buildings as separate policies or with different Insurers, many farms will qualify for a single policy or Insurer to provide these coverages.  The package method often provides more protection with more numerous insurance enhancement options, and will reduce the premium through package crediting.  Added protections include coverage for:  Credit Cards and Fund Transfer Cards, Forgery; Counterfeit Currency, Inflation Guard Coverage, Cost of Restoring Farm Operations Records, Electronic Data Processing (optional), and Extra Expense. Under these policies it is also possible to insure Watercraft, Snow Mobiles, Golf Carts, and ATV’s.  You choose the coverages, a deductible, and a range of limits that are right for you, and a policy is tailored to those needs.  To qualify for our programs, horses must be at least 50% of the farm operations.

There are three general categories of insurance provided in a package, and other sub-types under those categories.  The three general types are:  Property Loss and Damage Insurance for Dwellings and Contents, and other Buildings; Property Loss and Damage Insurance for Farm Personal Property including Livestock; and Liability Insurance.   Descriptions follow –

Package Insurance can include property insurance for loss of or damage to your:

BUILDINGS

Main Dwelling & Household Contents – Includes Loss of Use

Scheduled Personal Property Insures scheduled valuable personal articles such as, Jewelry, Furs, Camera Equipment, Musical Instruments, Precious Metal Ware, Guns, Golf Equipment, Fine Arts, Postage Stamps, Rare & Current Coins

Secondary Dwellings

Rented Dwellings

Garages

Stables & Barns

Indoor Arena

Other Farm Structures, Storage Sheds and Outbuildings

Three calibers of building coverage are available, depending upon type, value and condition.  They are Special, Broad and Basic. Various deductibles can save money on your premium.   It is under this section that your buildings are insured for direct loss by common perils of Fire, Smoke, Lightening, Windstorm, and Hail, which are of the greatest concern for property owners.

Package Insurance can include insurance for common types of loss or damage to your:

FARM PERSONAL PROPERTY

Machinery

Farm Tools & Equipment

Horse Tack & Equipment

Animal Feed, Hay, Bedding & Crop Seed

Horses

Cattle

Other Livestock

Fencing

 Three calibers of coverage are available for Farm Personal Property, depending upon type.  They are Special, Broad and Basic. Examples of Perils that may be covered include Direct Loss by Fire, Smoke, Lightening, Windstorm, Hail, Civil Commotion, Collision, Vandalism & Malicious Mischief, and proven theft.  Horses and other livestock can be insured also for Accidental Shooting, Drowning, Artificial Electricity, Attack by dogs or wild animals (not owned by Insured), collapse of buildings, Loading & Unloading, and loss by proven theft.  Coverages, Coverage Conditions, and Exclusions vary somewhat from one Insurer to another.

Note: More complete and comprehensive life insurance is available on horses, cattle and other farm livestock. See Horse & Equine Insurance – Life,   Surgical and Major Medical Insurance is available for horses.  See Horse & Equine Surgical & Major Medical Insurance These coverages are not available on the package policy, but are sold as a separate policy.

Package Insurance can also provide your:

LIABILITY COVERAGES

Personal Liability Non-commercial insurance to protect you and your immediate family members against Personal Liability.

Farm Liability To insure raising of crops, livestock & agricultural / farming management and pursuits. Farm Liability Coverage usually includes Product & Completed Operations and Personal and Advertising Injury. Limited coverage is usually also included for: Medical Expense, Fire Damage, Chemical Drift, Transport of Farm Chemicals or Fertilizer, and Damage to Property of Others.

Commercial General Liability Commercial liability to insure your lower risk equine / horse business operations, such as boarding, breeding, training, showing and lessons. Protects you from financial loss should a   customer, visitor, or a trespasser become injured [Bodily Injury] or their property is damaged [Property Damage] in relation to your operations, and they make a claim or file a law suit against you for damages.  Note that under one of our programs, Special Risk horse activities can be insured also, such as horse drawn vehicle rides, horse rental, camps, pony rides, and petting zoos.

Care, Custody & Control Insures horses in your care that are not owned by you for loss or injury that you are responsible for.

Equine Professional Liability Insures Professional Equine Services Providers for their professional acts – Riding Instructors, Trainers, Equine Assisted, Therapeutic Services, Farriers, etc.

General Liability Coverage & Limits

The General Liability Policy provides specified maximum limits or amounts of liability insurance for:

Medical Expense: Pays for a claimant’s low cost medical expense with few questions asked about your liability or responsibility in the matter.  Negligence need not be a factor to trigger payment.

Legal Defense Costs: Today court costs and hiring of a lawyer can quickly mount to $50,000 or more, an expense you do not want to come out of your pocket if you are sued and have to hire a lawyer.  If sued in relation to the insured activity, the policy provides legal defense whether the case has merit or not.

Claim / Settlement  Costs: Pays bodily injury and property damage claims for which you are held responsible.

Few companies can provide Special Risks Liability Insurance on a package policy for higher risk activities, such as Pony Rides, Horse Drawn Vehicle Rides, Horse Rental and Trail Rides, Guides & Outfitters, Horse Related Camps, Instruction, and Agri-Tourism.  If you have these or other difficult-to-insure exposures, we are usually able to coordinate your policies and place your property through one Insurer and liability through another.  OR we can provide your Commercial Liability Insurance and you can secure property coverage elsewhere.

People who read this page may also be interested in:      Equine Business Liability Insurance      Horse Care, Custody & Control Liability Insurance        Equine Professional Liability Insurance       Horse & Equine Insurance – Life & Health       Horse & Equine Surgical & Major Medical Insurance        How to Select and Buy Insurance         NAHA Risk Reduction Programs        NAHA Horse Industry Contract / Agreement Models   

 

WHERE TO BEGIN

»Read / Print Brochures
»Get an Insurance Quote
»Home Page »Contact Us

*General information is provided on this insurance topic.  Acting on our coverage recommendations does not guarantee coverage if you have a loss or claim.