Unit 13 Farm Insurance Flashcards
The Farm Property Coverage Form covers direct physical loss to a variety of properties. The insured can select any combination of ____ separate forms.
3
The Farm Wellings, Appurtenant Structures, and Household Personal Property Coverage Form:
Coverage A - ____
Coverage B - ____
Coverage C - ____
Coverage D - ____
A. Dwellings
B. Other Private Structures Appurtenant to Dwellings
C. Household Personal Property
D. Loss of Use
Coverage D, Loss of Use:
A special limit of $____ per occurrence applies to loss or damage to outdoor radio antennas, TV antennas, and satellite dishes.
In general, trees, plants, shrubs, and lawns are excluded. However, a coverage extension for Coverages, A, B, and C allows limited coverage for trees, plants, shrubs, or lawns within ____ feet of the covered residence, but only against specified perils.
$1000, 250 Feet
Like the homeowners form, Coverage ____ includes coverage for additional living expenses and fair rental value.
Coverage D
Coverage ____ - medical payments pays reasonable medical expenses incurred within ____ years from the date of an accident or injury regardless of fault.
Coverage J, 3 Years
Coverage ____ - personal and advertising injury liability pays up to the limit of insurance for sums the insured becomes legally obligated to pay regarding injuries such as libel, slander, invasion of privacy, copyright infringement, and misappropriation of advertising ideas.
Coverage I
Coverage ____ - bodily injury and property damage liability pays up to the limit of insurance for sums the insured becomes legally obligated to pay as the result of bodily injury or property damage losses to others.
Coverage H
Coverage ____ - other farm structures covers barns, silos, fences, radio equipment, and other farm buildings and structures that are not dwellings.
Coverage G
Coverage ____ - unscheduled farm personal property covers farm personal property on a blanket basis on or away from the insured location. (e.g., $1000 for any horse, mule, or head of cattle under one year of age at time of loss)
Coverage F
Coverage ____ - scheduled farm personal property allows a choice of items to be specifically insured. The items can include grain, farm products, poultry, livestock, machinery, vehicles, tools, and supplies incidental to the operation of a farm.
Coverage E
The Farm Property - ____ form is a separate document that lists the perils that the property is insured against. This form offers three separate levels of coverage within the same form: basic, broad, and special.
Causes of Loss
Perils covered under the covered causes of loss - ____ section include: WCSHAVVER
____ collapse is also covered.
Property insured under the farm property and farm structures forms is also covered for ____ that results in damage to covered farm machinery or other farm personal property, and death of covered livestock.
Basic, Sinkhole, Collision
The causes of loss - ____ form covers all the perils listed in the basic form and BIG AFFECT. It also adds (5) additional perils.
- electrocution of covered livestock
- attacks on covered livestock by dogs or wild animals
- drowning of covered livestock
- accidents involving loading or unloading
- accidental shooting of covered livestock
What are the 5 excluded losses under Special coverage?
- dishonest or criminal acts
- pollutants or contaminants
- transfer of property due to unauthorized instructions
- voluntary parting and property
- failure to save and preserve property from loss
Some items may be insured under their own specialized coverage forms instead of the farm property coverage part. The ____ coverage form covers mobile agricultural equipment and machinery separately from the property. The ____ coverage form is used to insure the livestock separately.
Mobile Agricultural Machinery and Equipment Coverage Form
Livestock Coverage Form
