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Flashcards in TB - Farm Insurance Deck (10)
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The basic coverages provided by the farm coverage form includes all of the following except:


Dwelling

Outbuilding pertaining to the dwelling

Dwelling contents

Livestock and farm machinery

Livestock and farm machinery

(This property can be covered by scheduling the property under coverage E)

1

Farm Liability coverage include each of the following, except:

Professional Liability

Bodily injury and property damage

Personal injury and advertising injury

Medical payments to others

Professional Liability

2

One major difference in basic farm form and the broad is:

Provides broader farm liability

Offers broader coverage for livestock

Contains a broader theft peril

Has a lower property deductible

Offers a broader coverage for livestock!!!

(The Broad Form covers the accidental electrocution, attacks on covered livestock by wild animals, accidental drowning of covered livestock, accidents involving loading and unloading of livestock, and accidental shooting of livestock!)

3

The special limit that applies to damage to outdoor radio and TV antennas and satellite dishes is:


$500

$1000

$250

$750

$1000

4

If the insured carries 80% to value of the farm dwelling, in case of a partial loss $50,000 how will the loss be paid?


On an actual cash vie basis

On a replacement cost basis before repairs are made

On a replacement cost basis after the repairs are made

The policy will pay 80% of the $50,000 loss

On a Replacement Cost Basis after the repaired are made

5

A farmer is riding his farm tractor and strikes a private passenger auto. What coverage should the farmer have to cover his or her liability?


Auto Liability

Farm Liability

General Liability

Commercial Auto Liability

Farm Liability

6

Which of the following cannot be covered under a livestock floater?


Swine

Sheep

Poultry

Mules

Poultry

7

Which of the following is not a coverage that can be added to the farm insurance policy?



Livestock

Barns

Mobile Equipment

Crop Coverage


Crop Coverage

8

What is the definition of "Custom Farming"?


Personal product farming

Farming for others

Specialized Farming

Specialized crop farming

Farming for others

9

What is the treshold of receipts reuniting the "custom farming" endorsement?


$10,000

$8,000

$5,000

$1,000

$5000