What it does
FL 04 32 amends the definition of "insured" in FL 00 20 to include any executor, administrator, trustee or beneficiary of the named insured's estate while acting within the scope of those duties.
Who needs it
Farms held in estates or trusts, or farm owners planning succession, where family members or trustees manage the farm for an estate.
Quoting and selling notes
Ask how the farm is owned (individual, trust, estate, LLC) and who manages it. Wording reviewed: 06 90 edition.
How it fits the farm liability policy
A farm liability endorsement changes only the coverages it names (Coverage H bodily injury and property damage, Coverage I personal and advertising injury, Coverage J medical payments, or a coverage it adds). The rest of FL 00 20, including the definitions of "farming", "custom farming" and "insured location", continues to apply. When presenting a quote, list each farm liability endorsement and its schedule entries so the insured sees how the base form was broadened or narrowed.
