What it does
FP 04 07 increases the Coverage C special limits of FP 00 12 for listed categories of household personal property to the new limits shown, including gold, money and silver; letters of credit, manuscripts and securities; and theft of furs, jewelry, watches, gems and silverware.
Who needs it
Farm households with jewelry, silver or collectibles above the base limits.
Quoting and selling notes
For high values, scheduling items with agreed values is usually better. 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.
