What it does
FP 12 29 increases the limits on covered farm personal property under Coverage E (scheduled) or Coverage F (unscheduled) to the amounts in the schedule, only for the periods shown.
Who needs it
Grain, hay and produce farms whose stored values peak after harvest.
Quoting and selling notes
Ask for monthly stored values to set the dates and amounts. 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.
