What is Forestry Insurance?
Forestry Insurance is a type of insurance that protects landowners and managers of forests from losses caused by fire, windstorm, or other perils. Coverage is available for the full value of the forest, including trees, standing timber, and land.
There are several benefits of Forestry Insurance. First, it protects the value of the forest in the event of a loss. Second, it provides liability coverage for injuries or damage caused by the forest. Third, it helps manage risk and protect the investment in the forest.
The cost of Forestry Insurance depends on the size and location of the forest, the type of coverage purchased, and the insurance company. Generally, the cost is a few hundred dollars per year.
Forestry Insurance is important because it protects the value of the forest, helps manage risk, and provides liability coverage. If you own or manage a forest, you should consider purchasing Forestry Insurance.