What it does
FP 00 30 covers "mobile agricultural machinery and equipment" against risks of direct physical loss except as excluded. It can be written with a single blanket limit for all such equipment, or item by item with individual limits (including borrowed or rented machinery while not at the owner's premises), plus a single limit for unscheduled items such as harness and saddlery. It is the farm program's inland marine-style alternative to scheduling machinery under Coverage E of FP 00 13.
Who needs it
Grain, row-crop and dairy farms with large machinery fleets, and custom operators whose combines and harvesters travel among farms.
Key provisions
- Not covered: aircraft, watercraft, autos, trucks, road vehicles (except farm wagons and trailers used principally on the insured location), motorcycles and snowmobiles; dealers' demonstration equipment; barn cleaners, bulk tanks and fixtures; irrigation equipment; and cotton pickers, combines and four-wheel ATVs unless individually declared.
- Additional coverages include collapse and other farm-program extensions.
- Optional endorsements: FP 05 21 replacement cost for scheduled items, FP 05 22 cab glass breakage, FP 04 20 foreign objects taken into machinery, FP 10 57 tire damage in collisions or overturns.
Quoting and selling notes
Schedule combines and pickers individually, list borrowed and rented machinery, and ask about road travel, custom work and storage. Lenders financing machinery need loss payee status. Carriers often market this as "farm inland marine".
