When you own land, you're living part of the American dream. To protect your farm, you'll want the right insurance that's specific to your operation's needs. Kentucky business insurance can provide coverage for your equine farm and more.

You can get adequate protection for a fair price when you work with a Kentucky independent insurance agent. They'll do the shopping for you so that you can do what's important, working your farm. Get connected with a local expert to start saving today.

What Does Equine Insurance Cover in Kentucky?

There are several options when it comes to insuring your Kentucky equine farm. Protection can look different for everybody and depends on their exposures. There are standard policies that all equine farms will want to have for proper coverage.

What your equine will usually cover under your primary policies:

• Accidents: This can be anything from coverage for electrocution, fire or smoke, to loading and unloading livestock.
• Natural disasters: Volcanic eruptions and sinkholes are covered. Typically floods and earthquakes are covered under separate policies.
• Weather events: Lightning, wind, hail, tornadoes, and more.
• Crimes and civil unrest: This is for theft and vandalism of livestock.

What Equine Insurance Won't Cover in Kentucky

Now you know what's typically covered, but what's not is equally important to understand. There are exclusions on all insurance policies, and your equine farm insurance will be no different.

Coverage that could be added but does not come standard on your policy:

• Accidental shooting
• Drowning
• Attack by wild animals
• The collapse of a building on livestock

While you may be able to add some coverages a la carte, others won't be available. This includes if your horse dies of old age, death by natural causes, or disease.

Number of cases of equine infectious anemia in the US from 2001 to 2019

When a horse becomes ill, it affects your livelihood. While diseases are not typically covered under your standard policies, some carriers may offer this as an add-on.

Equine vs. Horse Farm Insurance in Kentucky

Your equine farm will have specific services offered for money-making purposes. Your insurance coverage will need to have protection for your farm's daily operations. Your horses are the primary item you'll want insurance for if you use them for your business. There are three ways to protect your horses and other farm equipment:

• Individual horse coverage: This insurance usually covers higher-value animals on an individual basis. The animals are listed on the policy and covered for a specific dollar amount.
• Blanket coverage: This type of policy allows you to insure all your farm property for a predetermined value. It includes structures, equipment, tools, and livestock.
• Horse/herd coverage: This is the simplest and most prevalent type of insurance for livestock. This coverage allows you to insure a specific number of animals.

Will Kentucky Equine Insurance Cover Anything Other Than Horses?

Your commercial insurance policies will have coverage for your liability, property, equipment, and livestock. It is crucial to understand how your insurance works together and separately. Your Kentucky equine insurance will come as a package for all your farm's risks, which makes it easy.

Risk factors your agent needs to know:

• Your herd's specifics: You'll need to cover the risks that are specific to your herd. Horses will have different needs from cattle, and so on.
• What your livestock is worth: This is the value you can get in the marketplace for your livestock. You are covering the risk of replacement cost if something happened to them.
• What preemptive protection you have in place: Carriers will want to know how you are proactive. This includes if you are accounting for the risk of predators by having fencing and more. 

Is Equine Insurance Necessary in Kentucky, and Which Coverage Options Can Be Added?

When you offer equine services, your farm takes on some risk that could cause financial ruin. If you allow horseback riding lessons, trading, or buying of horses, you'll want proper protection.

Total US farm income from livestock and products from 2001 to 2020 (in 1,000 US dollars)

You'll want to ensure you're properly covered for all the what-ifs that owning a farm has. Take a peek at some additional coverage options you may want to consider for your Kentucky equine farm:

• Commercial umbrella insurance: This policy can be obtained for additional liability coverage above and beyond your underlying limits. 
• Inland marine insurance for farm equipment: This can be added to the property policy for a farm that uses equipment, tractors, and more for tending to the farm.
• Extended liability limits: You can increase your underlying liability limits for added coverage.

How to Obtain Equine Insurance in Kentucky through an Independent Agent

If you own an equine farm in Kentucky, it can be a pleasant experience. That's why it's critical to obtain the right coverage from the get-go so you can be fully protected. A trusted adviser can review your policies for free, saving your farm money.

A Kentucky independent insurance agent does all the heavy lifting for your equine farm and shops coverage through their network of carriers. This saves you time and premium dollars so that you stay within budget. Connect with a local expert on trustedchoice.com for custom quotes in minutes.