Do I Need Insurance?
Many landowners who wouldn’t think twice before insuring their homes and cars don’t insure their land. Why not? Some aren’t aware of the numerous insurance options available to landowners, and some just assume it’s too expensive or not necessary for them.
Your woods are a precious asset. They’re often more valuable than your home, car, or other property. And beyond their financial value, they’re a way of life—a connection to nature and an opportunity to protect a vanishing resource. When natural disasters, accidents or other unexpected events threaten your woods, insurance can mean the difference between losing this precious asset and keeping it.
Only you can decide how much risk you’re willing to accept. But asking yourself these questions may help you decide if insurance is right for you:
- Do I depend on my land for income?
- Would damage to or loss of my land present a financial hardship for me and my family?
- Do I use my land for business purposes by harvesting my timber, leasing land to hunting clubs, or leading paid tours?
- Do I manage my land through controlled burns, thinning and harvesting, herbicide application and other practices?
- Do I invite the public to visit and enjoy my land?
If you answered “yes” to any of these questions, you may want to consider insurance for your woods. If you do decide that insurance is right for you, you have a lot of options to choose from.
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