Farm Insurance

Birkett-Hassard Insurance has a time-honoured tradition of insuring farming operations in Ontario for over a century. This specialized area of insurance requires knowledge and expertise which we provide. We are experienced in dairy, beef, poultry, pork and crop farming operations as well as providing unique coverage for hobby farms and equine operations.

Farm Quote

If you would like a quote for Farm Insurance, please fill out the form below and we'd be happy to get back to you with a quote.

Contact Information:
Name:
Email Address:
Address:
City:
Province:
Postal Code:
Phone Number:		enter as (555) 555-5555
How do you wish to be contacted?		Email    Mail    Phone    ( daytime    evening)
General Questions:
Do you own your farm or rent?:		Owned    Rented
Type of farm:		Hobby Dairy Beef Poultry Hog Horse Crop
Estimated replacement value of dwelling:
Value of Outbuildings:		#1  #2  #3
Value of Equipment:
Value of Livestock:
Value of Produce:
Policy deductible preferred:		$500     $1,000
Liability amount requested:		$2,000,000     $5,000,000
Have there been any insurance claims in the last 5 years?		yes     no
Discounts available:		Monitored Alarm   Mortgage Free Non-smoker          Insured over 50
How did you hear about us:		(choose one) Friend/Referral Internet Search Yellow Pages Newspaper Ad Flyer Other website
Reason for Enquiry:		(choose one) Better Service Price Policy Cancelled First time insured
Please copy the following text into the textbox

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Farm FAQ's

If you need more information, e-mail us your questions at info@bhinsure.ca.

1. Actual Cash Value v. Replacement Value

Actual Cash Value is the value of the building, after depreciation is applied. This type of insurance would require the insured to contribute in some form to the repair of the building. Replacement Value is the cost of replacement of a building with like kind and quality materials and workmanship without depreciation.

2. Co-Insurance

Co-Insurance is invoked on a partial loss. It is the requirement to insure the property to a certain percentage of its replacement value. For example if there is an 80% co-insurance clause, the policy requires the item insured carry insurance to a minimum of 80% of its replacement value. If the insured chooses to underinsure their property, the following formula is applied:

Replacement value: $500,000
80% value: $400,000
Insurance carried: $350,000
Loss: $200,000
Insurance Co. pays: $175,000

In the event of a total insurable loss, the full insurance carried would be paid.

3. Business Interruption Insurance

Business interruption insurance protects against losses resulting from a temporary shutdown because of an insured peril. Generally, business interruption insurance provides reimbursement for lost net profits and necessary continuing expenses.

There are various types of business interruption coverage available. A business interruption policy that includes extra expense coverage in case you have to carry on business at a different location because of insured damage at your original place of business can be a wise business insurance investment.

4. Livestock Coverage

Coverage can be carried for a variety of perils resulting in death of the animal, for example, fire, wind, lightning, impact by vehicle, entrapment, casting, colic, tuberculosis, even power interruption.

5. Fuel Tanks

Please view the following link with respect to risks and prevention of fuel oil losses. Oil Tank/Fuel Safety

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Links

Ontario Ministry of Agriculture, Food & Rural Affairs

Ontario Federation of Agriculture

Dairy Farmers of Ontario

Ontario Cattlemen's Assocation

Ontario Livestock & Poultry Council

Ontario Pork

Technical Standards & Safety Authority (Fuel Tanks)

Ontario Plowman's Association

Ontario Farmer

Farmers Markets Ontario

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