Property Insurance

5 posts / 0 new
Last post
hlcrouch's picture
Offline
Last seen: 8 months 1 hour ago
Joined: 01/12/2017 - 9:30am
Property Insurance

Hi, we are about to purchase 100 acres near Ballarat in Victoria and will need to insure the property.  Wondering if anyone has any advice for two complete novices?

admin's picture
Offline
Last seen: 14 hours 25 min ago
Joined: 28/02/2011 - 2:19pm
 
Hi hlcrouch,
With regards to the question on insurance, as a minimum (on the assumption that I know little about the infrastructure on the property) you will require the following cover:
- Domestic structures (home & contents) - accidental damage
- Farm structures (farm sheds, tools, improvements) - fire, storm and perils
- Livestock - fire cover
- Fencing  - fire cover
- Farm Liability - third party property damage and personal injury
- Farm motor (tractors, quads\atv's, small farm machinery etc) - this can be covered for fire & theft or if registered and taken on road then also ability to cover third party. Alternatively they can take comprehensive cover this will include the above and accidental damage.
This is not an exhaustive list but will hopefully provide you with some assistance. If you are interested I can send a proposal and go through the formal quoting process.
Regards,
Alex Cohn
Agguard insurance
 
 
hlcrouch's picture
Offline
Last seen: 8 months 1 hour ago
Joined: 01/12/2017 - 9:30am

Thank you for your reply.

barb's picture
Offline
Last seen: 1 month 6 days ago
Joined: 23/11/2011 - 9:38am

I would insure with a company that insures farms and businesses specifically. There are a number of companies that do this. Mine is WFI and Elders is also well known. I am sure that there are other good companies out there too.

As suggested by admin., you need to insure you buildings, your home, your vehicles and equipment, fences etc., my insurance company also insures my tools and chemicals, fertilisers and all this type of thing. During the past few years I have had to claim my hay shed and also 600 m of electric fenies that were destroyed in cyclone Debbie early last year. they have even paid for my cattle that were killed in a lightning strike in the paddock. Insurance is only expensive until you need it, as the saying goes. Good luck with your new property. Country living beats city dwelling by a country mile so to speak.

Cheers, Barb

hlcrouch's picture
Offline
Last seen: 8 months 1 hour ago
Joined: 01/12/2017 - 9:30am

Thanks Barb, we have the basics covered but I will need to look into it further based on these replies.  We are leaving cyclones behind by moving back to Victoria from Cairns, hoping this wet season is cylone free for everyones sake.  Cow dreaming has been happening for a long time so we'll see how it goes for real.

Log in or register to post comments
Topic Replies Last postsort ascending Forum
Normal topic Best way to graze paddocks?
by cletus on Tue, 28/02/2017 - 10:39am
4 by banpmm
Wed, 19/09/2018 - 3:08am
Farming Help
Normal topic Agistment
by orchidsplus1972 on Sat, 15/09/2018 - 11:53am
1 by admin
Tue, 18/09/2018 - 2:46pm
Farming Help
Normal topic Intensive Agriculture
by Sarsfarming on Tue, 18/09/2018 - 1:40pm
by Sarsfarming
Tue, 18/09/2018 - 1:40pm
Farming Help
Normal topic New member
by Highlander on Sat, 15/09/2018 - 3:06pm
1 by admin
Tue, 18/09/2018 - 12:33pm
New Members
Normal topic Concrete Trough Cleaning
by SarahJB on Wed, 12/09/2018 - 1:51pm
1 by Littlerayosunshine
Sun, 16/09/2018 - 4:18pm
Farming Help
Normal topic GENERAL FARM QUESTIONS
by [email protected] on Mon, 11/06/2018 - 7:18pm
3 by Littlerayosunshine
Sun, 16/09/2018 - 3:47pm
New Members
Normal topic Help with a small farm layout plan
by DreamChasers on Tue, 03/07/2018 - 6:14pm
4 by Littlerayosunshine
Sun, 16/09/2018 - 2:50pm
Farming Help
Normal topic Cattle eye problems
by Shannon on Mon, 07/05/2018 - 8:49pm
5 by admin
Mon, 10/09/2018 - 5:36pm
Farming Help
Normal topic Online goat husbandry courses
by Wayne on Mon, 19/03/2018 - 5:11pm
7 by Imelda Saanen
Sun, 09/09/2018 - 9:50am
General Forum
Normal topic Sheep Farming Work Experience - Bigga NSW Area
by Bigga2583 on Sun, 02/09/2018 - 4:45pm
by Bigga2583
Sun, 02/09/2018 - 4:45pm
Farming Help

Our Sponsors

Our Partners

Become a Farmstyle sponsor

Includes site wide company logo, priority directory listing, facebook shout-out and more. Only $24.50 per month.

Complete your business details and purchase a sponsorship position.