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Farm, Hobby Farm, Home? Income – receipts from farming Acreage

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Presentation on theme: "Farm, Hobby Farm, Home? Income – receipts from farming Acreage"— Presentation transcript:

1 Farm, Hobby Farm, Home? Income – receipts from farming Acreage
Animals (no exotics) HO Form Small Less than 20 acres No more than 5 animals Hobby Farm on an FO Form Less than $20,000 a year 20 to 50 acres From 6 to 10 animals Full Farm More than $20,000 a year Over 50 acres Over 10 animals Other things will kick out from home, including farm employees, WHAT ELSE SHOULD BE HERE?

2 Cover that other building for a homeowner?
Was it built for agricultural purposes? (like a barn…) Is it being used for agricultural purposes now? (storing farm equipment, hay, animals…) Dimensions / Replacement Value Coverage? No Under 2000 square feet AND Replacement Value Under $30,000 Coverage B on either the HO or FO product Yes Over 2000 Square Feet OR Replacement Value Over $30,000 Schedule on the HO product with the Agricultural Building Endorsement (M118, M119, M120, M121) Any Coverage F - Scheduled Building, on a Farmowner’s Form


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