What it does
FP 05 60 adds equipment breakdown protection as an additional coverage to the farm personal property and barns and outbuildings forms. The schedule sets an equipment breakdown limit, a spoilage damage limit, whether utility interruption is covered and its waiting period, and a deductible.
Who needs it
Farms that depend on electrical and mechanical systems: milking parlors, grain dryers, ventilation and climate control in confinement buildings, irrigation pumps and refrigeration.
Quoting and selling notes
Breakdown of farm systems is excluded from the base forms; this is a high-value add-on for dairy, poultry and hog operations. Wording reviewed: 10 06 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.
