What it does
FP 04 75 waives, for the scheduled buildings and permit period, the Unoccupancy And Vacancy Loss Condition of FP 00 90, which reduces the applicable limit by 50% if a building is unoccupied or vacant beyond 120 consecutive days, and can also waive the vacancy restriction in the causes of loss form.
Who needs it
Farms with seasonal houses, empty tenant houses or barns not used for a period.
Quoting and selling notes
Ask about every idle building at each renewal and add the permit for the expected period. 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.
