Farm Policy

farm insurance policy

Additional Coverage - Endorsements

If you are concerned about a risk that is not protected on the standard policy you may be able to purchase coverage with an endorsement. An example would be a building collapse from snow or ice. If the building is built and maintained to current standards, then the insurance company may offer collapse endorsement. Older buildings generally do not qualify.

Other examples of endorsements include: income replacement, power interruption, pollution, clean up on own farm, custom work, high value livestock and consequential loss.

Determining the Values (Limits) to Insure

It is important to determine the right values to insure for as it affects the financial risk you are taking. In some areas of coverage (see Coinsurance) you are required to insure a minimum percentage of actual value.

Property is insured either as Actual Cash Value or Replacement C... http://cheap-insurance.ucoz.com/news/farm_insurance_policy/2013-06-13-3097