What it does
ISO's Georgia filings list FP 01 63 02 25 as Georgia – Functional Building Valuation, the Georgia counterpart to the multistate FP 04 78.
Who needs it
Georgia farms with older buildings valued on a functional basis.
Quoting and selling notes
Use FP 04 78 outside Georgia.
Before presenting it
Ask the carrier for the specimen and read it with the farm coverage form it modifies before explaining it to the insured.
How it fits the farm policy
A farm program endorsement changes only the coverage forms named in its "this endorsement modifies" list. Everything else in the Farm Coverage Part keeps working as written: the FP 00 90 additional coverages, conditions and definitions, the causes of loss selected from FP 10 60, and the farm liability forms. When presenting a quote, list each farm endorsement with its schedule entries (insured location, building or item, limit, deductible) so the insured can see exactly where the base coverage was broadened or narrowed.
