This coverage pays for losses resulting from disruption of specified farm operations as a result of damage to property (machinery, farm buildings, equipment or supplies) at specified locations. The rental of farm structures covered under the policy may also be covered if specified in the endorsement.
- The reduction in net profit or increase in net loss (before income taxes);
- Continuing normal operating expenses incurred, including payroll;
- Actual and necessary expenses incurred to resume normal farming operations; and
- Actual and necessary expenses incurred to repair or replace damaged property, but only to the extent that such expenses reduce the amount of loss that would otherwise have been payable.
This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy. For an actual description of all coverages, terms and conditions, refer to the insurance policy. Coverages are subject to individual insureds meeting our underwriting qualifications and to state availability.