1. Forms
  2. FP
  3. FP-00-12

What it does

FP 00 12 insures the residential side of a farm: Coverage A dwellings, Coverage B other private structures appurtenant to dwellings, Coverage C household personal property and Coverage D loss of use (additional living expense and fair rental value). The causes of loss (Basic, Broad or Special) come from FP 10 60 as shown in the declarations, and definitions, additional coverages and conditions shared across the farm forms sit in FP 00 90. It is part of ISO's Farm Coverage Part, which combines the farm property coverage forms (FP 00 12, FP 00 13, FP 00 14), the causes of loss form (FP 10 60), the Other Farm Provisions form (FP 00 90), the inland marine-style farm forms (FP 00 30, FP 00 40) and farm liability (FL 00 20).

Who needs it

Farm owners and operators who want the farmhouse, its contents and outbuildings of a residential nature insured in the same farm policy as farm structures, machinery and liability, instead of a separate homeowners policy.

Key provisions

  • Coverage C includes special limits for categories of household personal property (for example money, securities, jewelry and silverware by theft, and "business property" at $2,500 on and $500 off the insured location in the 09 03 text); FP 04 07 and FP 04 09 raise them.
  • Valuation and settlement terms can be changed with FP 04 04 (replacement cost protection including ordinance or law), FP 12 10 (actual cash value for dwellings) and FP 04 78 (functional building valuation).
  • Water backup from sewers and sump overflow are added by FP 04 02.

Quoting and selling notes

Ask for replacement cost of each dwelling, age and updates (roof, wiring, heating), protection class, and who lives in each house (owner, family, hired help, tenants). Dwellings rented to others or used for agritainment need disclosure and may need endorsements. Coordinate with farm liability (FL 00 20), which covers personal liability of the household. Specimen wording reviewed is the 09 03 edition; carriers file the current edition shown here.

Related forms

FP 00 13, FP 00 14, FP 10 60, FP 00 90, FP 04 04, FP 04 02, FL 00 20.