For Farmowners Clients: Blanketing vs Specific Listing of Farm Inventories, Equipment and Livestock
Consider blanketing if you are insuring more than $25,000 of farm inventory: As a more dynamic alternative to specifically listing inventory items on your farmowners policy you may want to consider “blanketing”.
When you blanket you must inventory everything on the farm, including livestock owned by you, produce (including hay and straw), supplies, chemicals, and shop tools. HOWEVER, you can then EXCLUDE anyone or multiple categories from that blanket. As an example if you don’t want to insure livestock or supplies and chemicals, you can simply add an exclusion for those items to the blanket. This prevents them from being included in the adjustment process in the event of a claim.
Advantages of blanketing: