What it does
FP 10 60 supplies the covered causes of loss for Coverages A through G. The declarations show Basic, Broad or Special for each coverage or class of property. Basic lists named perils including fire or lightning, windstorm or hail, explosion, riot, aircraft, vehicles, smoke, vandalism, theft, sinkhole collapse, volcanic action, and, for livestock, collision, earthquake and flood. Broad adds perils such as electrocution of livestock, attacks on livestock by dogs or wild animals, accidental shooting and drowning, breakage of glass, falling objects, weight of ice and snow, and sudden accidental water and steam discharges. Special covers risks of direct physical loss except as excluded. It is part of ISO's Farm Coverage Part, which combines the farm property coverage forms (FP 00 12, FP 00 13, FP 00 14), the causes of loss form (FP 10 60), the Other Farm Provisions form (FP 00 90), the inland marine-style farm forms (FP 00 30, FP 00 40) and farm liability (FL 00 20).
Who needs it
Every farm property policy uses it; the choice of Basic, Broad or Special for each coverage is a key quoting decision.
Key provisions
- Some property is limited to particular perils regardless of the form selected (for example livestock and poultry are limited to Basic or Broad under Coverage E, and grain in the open to named perils).
- Windstorm or hail excludes frost and cold, ice and snow, and interior rain damage unless the building first sustains roof or wall damage; for livestock it excludes running into fences or ponds, fright and smothering in blizzards.
- Fire exclusions for open-fire curing in tobacco barns apply.
Quoting and selling notes
Explain which perils apply to each coverage: many farms buy Special on dwellings and Broad on barns and livestock. Earthquake for property other than livestock is added with FP 10 40. Windstorm or hail deductibles and exclusions (FP 03 05, FP 10 15) are common in hail-prone areas. Specimen wording reviewed is the 02 09 edition; carriers file the current edition shown here.
