Homeowners Policy Renewal

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DISCLOSURE NOTICE FARMOWNERS POLICY RENEWAL

Your renewal policy is enclosed and includes some important coverage changes. Please review your renewal policy carefully and contact us, or your agent, if you have any questions or if you want to purchase additional coverage. No coverage is provided by this summary nor does it replace any provisions of your policy. You should read your declarations and policy for complete information on the coverages you are provided. If there are any discrepancies between the policy and this summary, the provisions of the policy govern.

Business Property Coverage for business property, other than farm personal property, is limited to $2,500 while off premises. The limit on your previous policy was $250.

Motor Vehicle Parts Your previous policy excluded motor vehicles and their parts and equipment. Your renewal policy excludes motor vehicle parts and equipment only while in or on the motor vehicle.

Debris Removal With your new policy you can apply up to 25% of the limit that applies to the damaged property to cover debris removal. Your previous policy provided only 10%.

Silo and Silo Unloader Your previous policy limited the silo unloader and the silo roof to 25% of the total limit for any covered silo. Your renewal policy does not contain this internal limit for either the roof or silo unloader.

New Construction of Farm Buildings Your new policy automatically provides up to $50,000 of coverage for 60 days from start of construction of a new farm building. Your previous policy provided only $25,000 of coverage for new construction.

Replacement of Scheduled Equipment When your farm personal property is covered as scheduled items of mobile farm machinery and equipment on your renewal policy and you replace that item with a different item, you are covered for up to 30 days up to the limit of the old item but no more than $50,000. Your previous policy provided a limit of only $25,000.

Newly Acquired Equipment If you have Scheduled Farm Personal Property coverage on your renewal policy and have newly acquired equipment, that equipment is covered under your renewal policy for 30 days, for up to $50,000. Your previous policy provided a limit of only $25,000.

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Exclusions That Apply To Liability Coverages

Your renewal policy excludes bodily injury to all insureds and if residents of the insureds household, their relatives and persons under age 21. Your previous policy also excluded bodily injury to persons living on the insured premises.

Limits on Outdoor Private Power and Light Equipment

Your present policy automatically provided $1,500 of outdoor private power and light equipment for the farm operation. Your renewal policy does not automatically provide those coverages. If you desire coverage on those items, you must specifically request to insure them. (This limitation does not apply to outdoor private power and light equipment for the principal insured dwelling).

Damage to Property of Others

Under the liability section of your present policy - Coverage L - Liability does not apply to damage to property that is rented to, occupied by, used by, or in the care of an insured except if the property damage is caused by fire, smoke or explosion. Property of others that is damaged by fire, smoke, or explosion is limited to $50,000 per occurrence for any farm building.

Your renewal policy provides the same coverage but the special limit for any farm building is deleted so the limit of liability under Coverage L that you purchased applies.