What it does
FP 04 56 applies when "Collision" is shown for livestock in the Coverage E declarations. The Basic, Broad and Special causes of loss are replaced for those livestock by one peril: death caused by collision or overturn of a vehicle carrying the livestock, or by livestock running into or being struck by a vehicle on a public road, with exceptions for collisions involving vehicles owned or operated by an insured.
Who needs it
Livestock owners who want low-cost coverage for road and transport accidents only.
Quoting and selling notes
Explain that fire, theft and other perils do not apply to livestock written this way. Wording reviewed: 01 98 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.
