Top 7 Questions Farmers Should Ask Before Renewing Their Insurance Policy

When it’s time to renew your farm insurance policy, you might be tempted to sign on the dotted line and call it good. After all, insurance can feel complicated, and you have enough on your plate as it is. But taking a little time to review your policy each year can save you from potential headaches down the road. Here are the top seven questions every farmer in Eastern Washington should ask before renewing their policy.

1. Has Anything Changed on My Farm Since Last Year?

Farming is constantly changing. Maybe you bought a new tractor, expanded your land, or added a few more livestock. Your insurance policy needs to reflect those changes to keep you fully protected. If you don’t update your policy, those new additions might not be covered, leaving you to pay out of pocket if something goes wrong.

Why It Matters: Uncovered equipment, structures, or land can turn into costly gaps in your insurance. Your policy should grow as your farm does.

Tactical Tip: Make a list of any major changes on your farm in the past year. Bring this list to your broker and ask if anything needs to be added or adjusted in your policy.

2. Do I Have Enough Coverage for My Equipment?

Farm equipment is expensive, and it’s essential to keep it protected. Whether it’s a tractor, sprayer, or irrigation system, your policy should cover repair or replacement if your equipment is damaged, stolen, or breaks down. Some policies only cover equipment at its current (depreciated) value, which might not be enough to replace it if needed.

Why It Matters: Underinsuring your equipment means you could be paying out of pocket to replace or repair essential machinery, which could slow down or stop your operation altogether.

Tactical Tip: Ask about coverage limits for each major piece of equipment. If your equipment isn’t insured for its full replacement cost, consider increasing coverage limits or looking into additional equipment-specific policies.

3. Is My Liability Coverage High Enough?

Liability insurance is there to protect you if someone gets hurt on your property or if an accident causes damage to someone else’s property. If you’re hosting events, hiring more workers, or expanding operations, your liability risk goes up. Check that your liability coverage is high enough to handle the potential costs of an accident or lawsuit.

Why It Matters: Medical bills and legal fees can add up fast. Having sufficient liability coverage protects your finances and keeps you from paying out of pocket if the unexpected happens.

Tactical Tip: If you’re not sure how much liability coverage you need, think about the risks associated with daily activities on your farm. Talk with your broker to decide on a liability limit that’s realistic for your operation’s size and activities.

4. Are My Crops or Livestock Protected Against Local Weather Risks?

Weather in Eastern Washington can be unpredictable, from freezing temperatures in early spring to heavy winds that can damage crops. Not every insurance policy covers crop and livestock losses due to weather events, so it’s important to know what’s included and what’s not.

Why It Matters: A single weather event can significantly impact your farm’s production. Knowing what’s covered helps you plan for the worst and avoid unexpected losses.

Tactical Tip: Ask if there are any add-ons or endorsements to protect against specific weather risks like frost or drought. This is especially helpful if your crops or livestock are vulnerable to local weather conditions.

5. Do I Have Workers’ Compensation for My Employees?

If you employ seasonal workers or have year-round employees, you may need workers’ compensation insurance. This coverage helps protect you from paying out of pocket if an employee is injured while working on your farm. Workers’ comp is required in most places, but coverage amounts and requirements can vary.

Why It Matters: Protecting your employees is good for business and helps you avoid costly medical expenses and legal trouble.

Tactical Tip: Check that your workers’ comp policy is up to date and includes all current employees. Make sure seasonal and part-time staff are included, especially if you bring on extra help during planting or harvest.

6. Is My Home Covered If I Live on the Farm?

If you live on your farm property, don’t assume your home is automatically covered by your farm insurance. Some farm policies bundle home and farm coverage, but others treat them as separate policies. It’s important to confirm that your house, personal belongings, and any other structures near the home are fully insured.

Why It Matters: Farm insurance that doesn’t cover your home can leave you vulnerable in the event of a fire, theft, or storm damage.

Tactical Tip: Ask if your home is included in your farm insurance or if it requires separate coverage. Make sure to include any nearby structures, like garages, sheds, or guest houses.

7. Can I Bundle Policies to Save Money?

Some insurance providers offer discounts for bundling multiple policies, like property, liability, and vehicle coverage, all under one plan. Bundling can also make things simpler, giving you one bill and one renewal date to keep track of.

Why It Matters: Bundling doesn’t just save money; it simplifies your policy management, helping you avoid overlooked renewals or missed payments.

Tactical Tip: Ask your broker about bundle options for farm, home, auto, and liability policies. Even a small discount can add up over time, and having a single point of contact can make your insurance easier to manage.

Final Thoughts for Eastern Washington Farmers

Renewing your farm insurance isn’t just a routine task—it’s a chance to make sure everything you’ve worked for is protected. By asking these questions, you’ll have peace of mind that your coverage fits the unique needs of your farm, no matter what changes the year brings.

At DeLeon Insurance Services, we’re here to make the process straightforward and painless. If you’re ready to renew or just want a quick review, reach out to us. We know Eastern Washington farming like the back of our hand, and we’re here to help you stay protected so you can keep doing what you do best.