Insurance Requirements of a Large Estate
Larger farms and estates aren’t always fully covered by a standard farm insurance policy as they usually have some additional requirements. For instance, large, historic properties with highly valuable contents, such as fine art, may need to be covered by a specialist high value insurer.
In addition to this, many estates hold extensive vehicle fleets with a mixture of agricultural, commercial and private vehicles. Dedicated policies that combine cover for all of these are available to make the insurance process easier and cost effective.
Another aspect to consider is whether the property is owned by a family trust. Trustees often require indemnity insurance policies for defence from prosecution for any potential allegations of mishandling of the estate.
Whilst managing insurance for large estates can be complex and challenging, Farm and General can help ensure that everything is covered!
Larger farms and estates aren’t always fully covered by a standard farm insurance policy as they usually have some additional requirements. For instance, large, historic properties with highly valuable contents, such as fine art, may need to be covered by a specialist high value insurer.
In addition to this, many estates hold extensive vehicle fleets with a mixture of agricultural, commercial and private vehicles. Dedicated policies that combine cover for all of these are available to make the insurance process easier and cost effective.
Another aspect to consider is whether the property is owned by a family trust. Trustees often require indemnity insurance policies for defence from prosecution for any potential allegations of mishandling of the estate.
Whilst managing insurance for large estates can be complex and challenging, Farm and General can help ensure that everything is covered!
