What it does
FP 10 27 is ISO's Cannabis Property Exclusion for the farm program, filed with a 06 25 edition. FP 10 28 is the companion version with a hemp exception, and Vermont versions (FP 10 89, FP 10 90) exist.
Who needs it
Farms with any cannabis production or storage, and carriers excluding cannabis property.
Quoting and selling notes
Ask every farm applicant about cannabis and hemp. Hemp growers should be written with the hemp exception version.
Before presenting it
Ask the carrier for the specimen and read it with the farm coverage form it modifies before explaining it to the insured.
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.
