Nuts & Bolts: Hartford Steam Boiler is offering a customized farm equipment breakdown insurance product to other P/C insurers who serve the farm and ranch market. HSB also supplies a full range of specialized services with this enhancement. Equipment breakdown insurance covers risks that standard farm policies don’t, including damage caused by mechanical breakdown, electrical arcing and short circuits. It can also pay for spoilage, lost farm income and extra expenses that result from equipment breakdown. Covered equipment includes electronic systems, deep well pumps, motors, electrical equipment, refrigeration, environmental controls, compressors and many other types of equipment. The coverage does not apply to combines, tractors and other vehicles or risks commonly protected by property insurance.
Dollars: Will vary.
Carrier: Rated “B+” or above.
States Available: All states.
Contact: P/C farm insurers contact Paul Hemault at paul_hemault@hsb.com.
Topics Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds From This Issue
