If fire, theft or other covered incidents cause property damages or loss, this part of your policy covers you. This coverage allows you to replace or repair outbuildings, farm structures, your home, farm equipment and other property — up to specific limits.

If you have invested substantially in heavy machinery for your farm, this extra layer of protection can bring you peace of mind.

For ranches and other types of farms, livestock represents a significant investment, and this coverage ensures you’re protected in case this investment is stolen or injured.

If water or sewer backups affect your home, this additional coverage helps you to handle these costs. Since your home may be on a septic tank and drilled well in a rural area, this coverage can make sense.

Typical farm insurance will cover the actual cash value of your lost or damaged personal property. For an extra cost, you can get coverage for replacement cost, so you are paid the cost of replacing the items, ensuring depreciation does not negatively impact your claim.

Other than your home, the other buildings, such as silos, barns and other structures may not be covered unless you seek this additional protection.

If you’re driving a tractor that is pulling a tank with insecticide and the tank comes off and spills into a stream, this coverage will help pay for clean-up of the stream.