Several new farm property forms have been released, with an effective date of June 2025. The FP 04 62 Scheduled Personal Property (With Agreed Value Loss Settlement) can be attached to the Causes of Loss Form - Farm Property FP 10 60, the Farm Property - Farm Dwellings, Appurtenant Structures and Household Personal Property Coverage Form FP 00 12, and the Farm Property - Other Farm Provisions Form - Additional Coverages, Conditions, Definitions FP 00 90.
The FP 04 62 Scheduled Personal Property form is similar to other ISO personal property schedules and the FP 04 61. Schedule A allows an insured to schedule jewelry, furs, cameras, musical instruments, silverware, golfers’ equipment, fine arts, postage stamps, and rare and current coins with a specific limit of insurance. Schedule B allows an insured to schedule items not listed in Schedule A, with the name of the article, a description, and a scheduled limit of coverage.
A. Certain kinds of property covered under Coverage C – Household Personal Property in the Farm Property – Farm Dwellings, Appurtenant Structures And Household Personal Property Coverage Form are subject to Special Limits Of Insurance as shown above in Schedules A and B.
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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.