Course 5: Basics of the Agriculture Policy - 6 hours

Course Description

This course will provide an in depth understanding of both the farm policy and the Commercial Ag policy.

 

This course will cover the following chapters:

 

Farm and Ranch Policy

  • Structures: Scheduled and Blanket Coverages

  • Farm Personal Property as contrasted with Unscheduled Personal Property

  • Livestock Coverages Scheduled and Blanket Coverages

  • Inland Marine Coverages

  • Additional Coverages

  • Co-Insurance Requirements

  • Causes of Loss Form

  • Endorsements

  • Definitions

  • Liability Exposures and Coverages

 

Commercial Ag Policy

  • Structures Scheduled and Blanket Coverages

  • Business Personal Property Scheduled and Blanket Coverages

  • Livestock Coverages Scheduled and Blanket Coverages

  • Inland Marine Coverages

  • Stock Coverage

  • Additional Coverages

  • Co-Insurance Requirements

  • Causes of Loss Form

  • Endorsements

  • Definitions

  • Liability Exposures and Coverages

 

 

Course Objectives

This is a self-study online course that will assist in the development of the following critical claims skills:

 

  • Identify and contrast covered and non covered structures and recognize the applicable policy sections in order to confirm coverage for various exposures.

  • Properly identify covered as oposed to non-covered locations

  • Differentiate between Unscheduled Personal Property and Business Personal Property and apply coverage accordingly

  • Distinguish between Business Personal property and Stock coverages and identify the applicable coverage

  • Recognize the effect of key property farm policy provisions

  • Understand peril groups and identify coverage provided by the basic, broad, and special causes of loss forms

  • Recognize the effect of certain exclusionary terms, additional coverages, conditions, and other provisions in the farm and commercial ag policies

  • Define and understand terminology associated with both the farm and commercial ag policies.

 

 

Prerequisites

This course requires a basic understanding of the insurance policy, structure, coverages and concepts.

 

 

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