Farm Insurance Flashcards

1
Q

What policy covers the primary residence and personal property?

A

Personal lines

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2
Q

What policy covers operations, outbuildings, equipment, or farm products?

A

commerical lines

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3
Q

Who is considered a named insured for farm liability?

A

partners, spouse, D&O. shareholders, residence employees

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4
Q

What is considered farming?

A

crops, livestock, bee keeping, winery

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5
Q

What is considered custom farming?

A

when you are doing farm operations for others

example- baling hay. Its like a contractor for farming activities

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6
Q

What makes up a farm dwelling?

A

the main building+ extensions

basically- residences+detached structures for personal use.

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7
Q

True or false

farm homeowners provides the same coverage options as personal lines

A

True

Broad form, comprehensive etc

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8
Q

true or false

buildings used for farm operations are covered under the farm owners policy

A

false.

Anything used for farm operations is covered under the commercial part of the policy

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9
Q

What is considered an occupied farm?

A

when the dwelling on the farm is used as a principal residence

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10
Q

When would replacement cost be used for farm buildings

A

if replacing with like kind and quality

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11
Q

When is Actual cash value used when settling a farm building claim?

A

When not rebuilding or rebuilding a different building.

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12
Q

What does the average distribution clause endorsement cover?

A

The amount of insurance on a single item as it compares to the total value insured. When the limit insured is less than the value, the gap is spread over all the items insured

% of that building divided by overall values.

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13
Q

to have the water endorsement, how often must the building be checked during the heating season?

A

every 96 hours

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14
Q

How is farm equipment and machinery insured?

A

on an all risk or broad form basis.

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15
Q

True or false

You can included both scheduled and blanked coverage on the same policy

A

false

It must be one or the other, not both.

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16
Q

What is the maximum amount per item under misc farm equipment?

A

$2500

Get separate coverage for $$$ items

17
Q

True or false

Live stock is covered under named perils only

A

true

broad form available through specialists

18
Q

Define casting

A

when an animal can’t get up

19
Q

What is hardware disease

A

if an animal swallows something it should have and dies.

20
Q

Name 2 livestock extentions

A
  1. dead stock removal- cause must be due to insured event

2. veterinary supplies- while animal on farm premises

21
Q

What conditions are covered under limited morality under livestock coverage?

A
casting
hardware disease
colic
bloat
rabies
bones fractured
black leg
animal birth
22
Q

How is farm produce insured?

A

Broad form with named perils OR restricted named perils. Usually blanket on a class basis

23
Q

what does apiary products liability cover?

A

hazards during honey making

24
Q

What does employers liability cover?

A

coverage for farmers if they are liable for injuries sustained by an employee or volunteer sustained through the course of the farm operations

25
When did Alberta pass legislation making WCB mandatory for all paid farm employees?
Jan 1 2016