Is farm machinery insurance all the same? The short answer is no.
Most farm insurance policies include the option of insuring machinery against fire and storm damage and then under a separate section ask for a list of items that need to be covered for theft. Each of these policy sections are then charged for individually.
MGA Insurance Brokers have worked with farmers for more than 35 years. They understood that there was a need for a cover on a farm policy that covered the machinery all under the one section for things like fire, storm, malicious damage, theft, impact and accidental damage (accidental damage is limited to $25,000 per item).
As brokers MGA are out in the market place working for clients. They can negotiate exclusive cover via Millennium General Insurance to incorporate these and many more market leading covers on the one farm machinery insurance policy.