Maryland Property & Casualty Insurance Exam (Commercial Farm) Questions and Correct Answers.

Farm Coverage - Answer Only insures property and liability exposure of a farm business operation. Also provides coverage for personal residential exposure for family living on farm premises. Can be written together in single package or separately as monoline coverage. Farm Coverage Inclusions - Answer Contains same policy declarations and conditions as other coverages, plus farm declarations and farm conditions. Also must include one of following: Farm property Farm liability Livestock Mobile agricultural machinery & equipment Farm Property Coverage Forms - Answer Similar to Homeowners policies A, B, C, & D to cover insured's residential property. Also includes coverages E, F, & G to cover personal property of farm and structures. Coverage A - Dwellings Coverage B - Other Private Structures Coverage C - Household Personal Property Coverage D - Loss of Use Coverage E - Scheduled Farm Personal Property Coverage F - Unscheduled Farm Personal Property Coverage A - Dwellings - Answer Like Homeowners Coverage A program. Includes antennas, towers, & Satellite dishes attached to dwelling with $1,000 limit for any one occurrence. Also covers dwelling, structures attached to dwelling, materials and supplies near dwelling used to alter, repair it. Extension of coverage includes equipment like lawnmowers, ladders or other supplies so landlord doesn't need special protection. Coverage B-Other Private Structures - Answer provides insurance for detached private garages and other private structures used personally and not for farm purposes. Special for antenna and satellite dish loss. Coverage C - Household Personal Property - Answer provides insurance for household personal property owned by the insured and family members while on the premises. Limitations include;