Hobby farm insurance
I wonder if anyone can advise me what insurance I would need for my property. I have 10 acres in the Adelaide Hills with circa 200 olive trees grown for oil. At the moment we are running this as a hobby farm ourselves (although we just used a pruning service) with no employees. There is some equipment, tractor, electric harvesters and a trailer. There is also a dam on the property and the entire property fenced.
We live on the property and of course our house and contents are currently insured - through AAMI.
An insurance broker we spoke to said we should have farm insurance as well as public liability insurance - however he is after all a salesman so I was looking for some independent advice. By the way the quoe we had was for just under $3,000 a year seems expensive?