What it does
FP 04 24 extends Coverage E of FP 00 13 to "perishable farm personal property" described in the schedule for the causes of loss selected: breakdown or contamination of refrigeration and public power outage. The schedule records refrigeration maintenance agreements, back-up system warranties and whether loss is valued at selling price.
Who needs it
Dairy, egg, fruit, vegetable and other farms storing perishable products in coolers or refrigerated storage.
Quoting and selling notes
Ask about cooler capacity, product values, alarms and backup generators. Equipment breakdown coverage (FP 05 60) can also include spoilage. 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.
