FARM INSURANCE

There are specialist policies for farm insurance. A typical faun comprehensive policy covers the following:

• loss from theft

• loss from spoilage due to machinery breakdown for example, when the freezer breaks down.

• public liability

• any financial loss suffered through sickness or accidental injury

• damage from fire for farm buildings and their contents

• damage from fire for the homestead and its contents

• damage and loss of machinery, implements, motor vehicles etc

• damage to and loss on gates and fencing

• public liability up to $5 million.

CROP INSURANCE

Crop insurance is available with a basic cover against fire, hail and transit. Other features include:

• transit cover over grain when in transit to and from point of delivery.

• cover against damage to crops caused by livestock not owned by the insured.

• cover against any damage caused by another party's chemical overspray.

• cover all year round fro grain stored on the insured's property.

• provision for a resowing subsidy where crops are damaged by hailstones prior to them reaching "first jointing" and/or "eight leaf" stages.