OFPA does not offer a “farm package” policy (which would include coverages such as Liability, Property, Business Interruption, etc. under one policy.)
Risks that qualify under the Dwelling or Commercial program are not eligible for the Farm program.
OFPA’s farm program offers coverage for dwellings, personal property, dwelling appurtenant structures, farm buildings, with limited coverage for farm property, such as:
| Grain in metal or other structures |
| Grain in the open |
| Hay, Straw, Fodder, Forage, Crops in structures |
| Hay, Straw, Fodder, Forage, Crops in open |
| Miscellaneous Equipment Blanket (machinery, tools, supplies usual or incidental to farm operations) |
| Miscellaneous Equipment Scheduled (machinery, tools, supplies usual or incidental to farm operations) |
| Trays, boxes, box shook |
| Farm Products, materials and supplies Blanket |
| Farm Products, materials and supplies Scheduled |
The Insurance Services Office (ISO) Farm Property Coverage Forms (FP 00 12 and FP 00 14) and Causes of Loss Form – Farm Property (FP 10 60) are used with amendatory endorsements. The following perils are included.
| Perils | FP 00 12 and 14 with Endorsements |
| (Please refer to the policy form for actual coverages and exclusions). | |
| Fire or Lightning, Explosion, Windstorm or Hail, Smoke, Riot or Civil Commotion, Aircraft, Vehicles, Volcanic Eruption | Yes |
| Vandalism | Optional * |
| Falling objects, Weight of Ice, Snow or Sleet, Accidental Discharge of Water or Steam, Sudden Cracking of a Steam or Hot Water Heating System, Freezing, Sudden Damage from Artificial Electric Currents | No |
| Loss Settlement Provisions | FP 00 12 and 14 with Endorsements |
| Actual Cash Value | Yes |
| * The perils of Wind/Hail and Vandalism are included perils, but each may be independently removed for a premium discount. | |
Maximum coverage limits written by the FAIR Plan for Farm Policies (for all coverage parts) is $600,000.
Higher total limits may be available by purchasing Facultative Reinsurance which is arranged on a case by case basis by the underwriter. Special fully earned minimum premiums will apply when Reinsurance is purchased.