What it does
FP 00 14 provides Coverage G – Barns, Outbuildings And Other Farm Structures: barns, sheds, silos, grain bins, corn cribs, fences and similar farm structures for which limits are shown, with the causes of loss (Basic, Broad or Special) selected in the declarations from FP 10 60. 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
Farms with structures used for farming rather than as a residence. Barns and confinement buildings are often the largest property values on a livestock or dairy farm.
Key provisions
- Each structure can be scheduled with its own limit, or the farm can buy blanket coverage across structures with FP 04 28 supported by a statement of values (FP 16 01).
- Valuation can be modified by FP 04 04 (replacement cost with ordinance or law) or FP 04 78 (functional valuation for older barns that would not be rebuilt the same way).
- Unoccupancy and vacancy conditions in FP 00 90 reduce coverage for structures left unused beyond the stated period unless FP 04 75 is attached.
Quoting and selling notes
Inspect or photograph each structure: construction, age, condition of roofs and foundations, use (hay storage is a fire hazard), heating and electrical systems in livestock buildings. Old wooden barns are often written on an actual cash value or functional basis; newer steel buildings and confinement barns usually on replacement cost. Specimen wording reviewed is the 09 03 edition; carriers file the current edition shown here.
Related forms
FP 00 12, FP 00 13, FP 10 60, FP 00 90, FP 04 28, FP 16 01, FP 04 04.
