What it does
FP 05 59 adds an Identity Fraud Expense additional coverage to FP 00 12, paying up to $15,000 for expenses an insured incurs as the direct result of any one identity fraud first discovered during the policy period.
Who needs it
Farm households, as an inexpensive add-on similar to homeowners identity theft coverage.
Quoting and selling notes
Explain that it reimburses expenses rather than stolen funds. 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.
