Term
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Definition
| The policy will pay for direct physical loss or damage to covered property at the insured location or elsewhere, as specifically provided, caused by, or resulting from, a covered cause of Loss. For coverage to apply, there must be a limit shown in the Declarations. |
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Definition
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Term
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Definition
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Term
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Definition
| Household Personal Property |
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Term
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Definition
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Term
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Definition
| Scheduled Farm Personal Property--A separate limit for each class of property applies. |
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Term
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Definition
| Unscheduled Farm Personal Property--A single blanket limit for farm personal property applies. NOTE: Covers farm machinery both on and away from the described premises. It also includes mules, swine, and sheep; but does not include poultry, licensed motor vehicles, aircraft, watercraft, or birds. |
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Term
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Definition
| Other Farm Structures Ex: Farm buildings, including silos, portable buildings and structures; all fences, corrals, and pens (except field or pasture fences); outdoor radio and television equipment, antennas, masts, and towers. |
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Term
| Coverages A, B, C, E, F and G |
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Definition
Additional coverages:
Debris Removal
Reasonable Repairs
Damage to Property Removed for Safekeeping.
Fire Department Service Charge. |
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Term
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Definition
Additional coverages:
Removal of Fallen Trees
Credit Cards and Fund Transfer Cards; Forger;Counterfeit Currency |
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Term
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Definition
Additional Coverage:
Cost of Restoring Farm Operations Records |
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Term
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Definition
Additional Coverage:
Extra Expense |
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Term
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Definition
| Property pertaining to any trade, profession, or occupation other than farming. |
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Term
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Definition
| A building used for family residency, including mobile, modular, and prefabricated homes. |
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Definition
| Equipment, supplies, and products of farming. |
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Term
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Definition
| Cattle, sheep, swine, goats, horses, mules, and donkeys. |
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Term
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Definition
| This form is purchased when the insured does not buy the Farm Property Coverage Form because livestock is the only farm exposure. |
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Term
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Definition
| This form is written on a named peril basis, and it covers death or destruction resulting from fire, lightning, wind or hail, explosion, riot collision with vehicles on public roads (excluding vehicles owned and operated by the insured), sinkhole collapse, volcanic action, vandalism, and theft. This form excludes freezing or smothering in snowstorms, and mysterious disappearance. |
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Term
| Mobile Agricultural Machinery and Equipment Coverage Form |
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Definition
| This form is purchased when the insured does not buy the Farm Property Coverage Form because machinery and equipment is the only farm exposure. |
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Term
| Mobile Agricultural Machinery and Equipment Coverage Form |
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Definition
| This form provides open peril coverage on mobile agriculture machinery and equipment. |
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Term
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Definition
| Specialized policy that protects the insured against reduced yield because of a covered loss to crops before they are harvested. (Growing crops are excluded from coverage in the Farm Property Coverage Form.) |
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Term
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Definition
| This policy provides named peril coverage...other perils that may be included in addition to hail are fire, lightning, wind, and freezing and frost in certain states. The rates are developed by the Crop Hail Insurance Actuarial Association (CHIAA) |
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Term
| Multi-Peril Crop Insurance (MPCI) |
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Definition
| The coverage is written by private insurers and is reinsured by the Federal Crop Insurance Corporation (FCIC). |
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Term
| Multi-Peril Crop Insurance (MPCI) |
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Definition
| Property and Casualty Insurance Guaranty Associations of the various states are not liable for losses under this program. |
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