What it does
FP 04 09 increases the $2,500 special limit under Coverage C for "business property" on the insured location to the amount shown, and the $500 limit off the insured location to 20% of that amount. The increase is part of, not in addition to, the Coverage C limit and does not apply to adaptable electronic apparatus.
Who needs it
Farm households where a home business (other than farming) keeps property in the dwelling.
Quoting and selling notes
Ask about home businesses run from the farmhouse. Business liability is a separate question for the farm liability policy. 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.
