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  • Writer's pictureTanner Coulter

Farm Extra Expense Coverage

Do you have extra expense coverage?

Did you know that most standard farm insurance policies exclude this or offers a very low limit? We explain what this coverage entails and why you should consider it.

Watch the short video to learn more or keep reading below.

Need Farm Insurance?

Extra Expense Coverage

Have you ever had a combine or tractor damaged during harvest? A grain bin or feed mill damaged?

Farm extra expense insurance is a type of insurance that provides coverage for farmers in the event of unexpected expenses related to their farming operations. The coverage provided typically includes reimbursement for expenses incurred to minimize or prevent a loss, such as the cost of repairing or replacing damaged equipment, renting temporary storage or transportation, or hiring additional labor to complete essential tasks.

A couple examples would be that a strong storm comes through & damages a grain system in September. This would prevent the grain bin from being used and also not allow enough time for it to be repaired or replaced before harvest. The expense to rent out space at a local co-op or neighboring farm would be covered with this endorsement.

Another common example is your combine is damaged during harvest by a covered loss and you have to lease one from the local implement dealership.


As with everything else, the cost for leasing grain space or equipment is becoming significantly more. An average price per hour of operational use for a combine is $300-350 in our area. This can lead to a $30,000+ expense in a hurry.

We recommend reaching out to your insurance professional & verify if you have this coverage. Also verify the amount of coverage, we recommend at least $30k & probably need $100k if you are farming several thousand acres. Adding this is a fairly minimal expense to your overall insurance program.


If you enjoy this type of relationship with your insurance professional where it's based on education and insight, then please give us a call. We'd love to work with you.

Thank you,

Tanner Coulter


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