What it does
FP 03 05 applies a windstorm or hail deductible equal to the percentage shown in the schedule (1%, 2% or 5%) for each insured location and building. It modifies the dwelling, farm personal property, barns and outbuildings, blanket Coverage G, livestock and mobile agricultural machinery forms and the value reporting endorsement, and applies to loss caused directly or indirectly by windstorm or hail regardless of other contributing causes.
Who needs it
Farms in hail and wind-prone regions where carriers require higher retentions on wind and hail.
Quoting and selling notes
Show the insured the dollar deductible for each building at the chosen percentage. Compare with excluding wind or hail on specific structures (FP 10 15) or limiting roof surfacing claims (FP 12 09). Wording reviewed: 09 03 edition.
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.
