1. Forms
  2. FP
  3. FP-00-13

What it does

FP 00 13 insures the working property of a farm. Coverage E – Scheduled Farm Personal Property covers each category for which a limit is shown: grain and feed, grain in the open (named perils), hay, straw and fodder (stack limit $10,000 unless another is shown), farm products and supplies, poultry, computers used in farm management, miscellaneous equipment ($3,000 per item), borrowed or rented farm machinery, individually described machinery on or off the insured location, livestock (named perils only, with a per-head cap), bees, worms, fish and portable buildings. Coverage F – Unscheduled Farm Personal Property insures farm personal property under a single blanket limit. 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

Every farm with machinery, stored crops, supplies or animals. Coverage E suits farms that want to schedule items and classes; Coverage F suits farms that prefer one limit for all farm personal property, usually with a coinsurance requirement.

Key provisions

  • Not covered: growing crops, trees and plants; household property; permanent fixtures; outdoor antennas and private power poles.
  • Livestock are limited to Basic or Broad causes of loss and are not covered with a common or contract carrier, at stockyards or sales barns, or at packing plants.
  • For livestock not individually described, the per-head maximum is the least of 120% of the average insured value per head of that class, ACV, or $2,000.
  • Pro rata distribution applies to grain, hay, machinery and certain poultry when scheduled property is spread over more than one insured location.

Quoting and selling notes

Build a schedule of machinery with values (or use FP 00 30), seasonal crop and feed values (peak season endorsement FP 12 29 raises limits for a period), livestock counts and values (or FP 00 40), and off-location exposures (FP 05 20). Discuss coinsurance on blanket Coverage F. Specimen wording reviewed is the 09 03 edition; carriers file the current edition shown here.

Related forms

FP 00 12, FP 00 14, FP 10 60, FP 00 90, FP 00 30, FP 00 40, FP 05 20, FP 12 29.