TB - Farm Insurance Flashcards
Farm Liability coverage include each of the following, except:
Professional Liability
Bodily injury and property damage
Personal injury and advertising injury
Medical payments to others
Professional Liability
The basic coverages provided by the farm coverage form includes all of the following except:
Dwelling
Outbuilding pertaining to the dwelling
Dwelling contents
Livestock and farm machinery
Livestock and farm machinery
This property can be covered by scheduling the property under coverage E
One major difference in basic farm form and the broad is:
Provides broader farm liability
Offers broader coverage for livestock
Contains a broader theft peril
Has a lower property deductible
Offers a broader coverage for livestock!!!
(The Broad Form covers the accidental electrocution, attacks on covered livestock by wild animals, accidental drowning of covered livestock, accidents involving loading and unloading of livestock, and accidental shooting of livestock!)
The special limit that applies to damage to outdoor radio and TV antennas and satellite dishes is:
$500
$1000
$250
$750
$1000
If the insured carries 80% to value of the farm dwelling, in case of a partial loss $50,000 how will the loss be paid?
On an actual cash vie basis
On a replacement cost basis before repairs are made
On a replacement cost basis after the repairs are made
The policy will pay 80% of the $50,000 loss
On a Replacement Cost Basis after the repaired are made
A farmer is riding his farm tractor and strikes a private passenger auto. What coverage should the farmer have to cover his or her liability?
Auto Liability
Farm Liability
General Liability
Commercial Auto Liability
Farm Liability
Which of the following cannot be covered under a livestock floater?
Swine
Sheep
Poultry
Mules
Poultry
Which of the following is not a coverage that can be added to the farm insurance policy?
Livestock
Barns
Mobile Equipment
Crop Coverage
Crop Coverage
What is the definition of “Custom Farming”?
Personal product farming
Farming for others
Specialized Farming
Specialized crop farming
Farming for others
What is the treshold of receipts reuniting the “custom farming” endorsement?
$10,000
$8,000
$5,000
$1,000
$5000
