Several new farm property forms have been released with an effective date of June 2025. The FP 10 27 06 25 Cannabis Property Exclusion form can be attached to the Farm Property - Farm Personal Property Coverage Form FP 00 13 04 16. This endorsement excludes direct physical loss or damage to cannabis by modifying the Property Not Covered provision of the policy. Extra expense is also excluded due to an interruption of farming operations that is attributed to design, cultivation, manufacture, storage, processing, packaging, handling, testing, distribution, sale, servicing, furnishing, possession, or disposal of cannabis. Cannabis is broadly defined to include goods or products that contain any amount of THC or other cannabinoid, whether natural or synthetic.
A. The following is added to Paragraph A.2. Property Not Covered of Coverage E – Scheduled Farm Personal Property and Coverage F – Unscheduled Farm Personal Property under Section I – Coverages:
"Cannabis".
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Christine G. Barlow, CPCU, is Executive Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and ALM. Christine has over thirty years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines. Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter.