About 90 farmowners endorsements were reviewed as a basis for this article. Farmowners coverage overview An easy way to think of farmowners coverage is that coverage for farm buildings and farm personal property are added to a homeowners contract. As with a homeowners policy, the residence building can be insured on a basic, broad or special form. Coverage for the farm personal property is written on a named perils basis. There are some unique perils that are insured.
Electrocution is another peril that applies to livestock.
This endorsement serves the same purpose that it does in regular commercial insurance, paying for the added repair costs necessitated by compliance with building ordinances or laws. Without it, some farm owners can be faced with some unexpected expenses. For example, let's say a hobby farm sustains wind damage to the residence structure. The owners have a contractor ready to commence repairs when the township's building inspector comes to look at the damage. The building inspector tells them they can repair the wind damage.