Do I need hobby farm insurance in Ontario? What is a hobby farm? How many acres do I need to be considered a hobby farm?
These are all good questions and it is important to understand that hobby farm insurance is different from farm insurance.
In essence, if you farm on a small scale or keep horses, chickens, or other livestock primarily for personal or pleasure use, you can be considered a hobby farm in Ontario. Some can also make a modest profit to supplement the owner’s income. Most are 10 acres or less, but some can also be as large as a hundred acres or more.
There are no set rules as to what constitutes a hobby farm but having insurance with adequate coverage is essential, no matter how big or how small it may be.
What Is Covered with Hobby Farm Insurance?
As a hobby farmer, your insurance needs are different than those of most homeowners. In all likelihood, it will also add value to your home. It is vitally important to ensure that your family and your assets (including your home and your hobby farm) are adequately protected.
Hobby farm insurance is a niche area of insurance. Our farm insurance brokers can provide you with affordable coverage for both your home and your passion. Huronia Insurance Group works with many of Canada’s best insurance providers that offer hobby farm insurance in Ontario. We’ll make sure you have complete coverage for your family home plus damage and theft coverage for anything that is farm related including:
- Replacement costs
- Income protection
- Liability insurance (personal injury, property damage & legal liability)
- Farm equipment, machinery, tools, and vehicles (if applicable)
- Farm buildings/contents, fencing, and other secondary properties
- Loss of Livestock (including their food) and/or produce
- Loss of use (consequential loss & business interruption)
We can also help you with coverage for damage, theft, or costly liability claims that may not be covered by your homeowners insurance policy.
What Level of Protection Do You Need?
If your hobby farm includes livestock or if you operate a tractor or other farm equipment, make sure you have adequate insurance protection. Large livestock like horses or cows can be unpredictable. As well, operating farm equipment can be potentially hazardous.
In some cases, insurance for hobby farms can be included as part of your homeowners insurance policy or as an add-on policy. Additional coverage may be necessary if it is operated for profit as a part-time or full-time business. You will want a policy that covers the specific risks of your niche. This FarmStart PDF file offers more information about Small Farm Regulations.
Coverages can be confusing so it’s best to work with an experienced farm insurance broker who can review your personal circumstances and needs. Our brokers can best explain any additional benefits or exclusions as it pertains to your situation and policy.
Here are some other factors that may also affect your insurance costs:
- Size and location of your hobby farm
- If it is rural and on a well…or suburban with access to municipal water
- The type of farming you do
- Your financial history and claims history
Contact Us About Hobby Farm Insurance
Let us tailor your hobby farm insurance specifically for your needs to protect your property, equipment, and your produce or livestock. You will only pay for the insurance you need. We can also help you with risk-management advice and claims support.
We understand that for many people, hobby farming can be a way of life. Let us help you keep and protect your livelihood and your home. At Huronia, we are also in it for the long haul. As your little farm grows and changes, so will your hobby farm insurance needs. We’ll be here to help you then as well.
Ask us for a free, no-obligation hobby farm quote today!
We look forward to serving you.