Whats the difference between a Ranch Package and Homeowners Insurance?
There are several differences in coverage between a Homeowners policy and a Ranch Package of insurance. Both cover property and liability but the extent to which they will do it differs. Here are some of the most significant differences. 1. Care, Custody & Control Exclusion: Homeowner policies contain an exclusion for non-owned property in the care, custody & control of the insured. This, of course, includes horses which are boarded at your facility or a non-owned horse on your property for even a short period of time, or a friend’s horse in your trailer on the way to a show or event. Coverage for the horses under these and countless other circumstances would be excluded on a standard homeowner’s policy. A Ranch Package policy can include standard livestock care, custody & control coverage with limits starting at $5,000 per horse/ $25,000 per occurrence and aggregate. Higher limits are available upon request. 2. Business Pursuits Exclusion: A homeowner policy will also contain a busine
