What else does Oregon Farm Insurance cover?
This part of Farm Insurance Explained we will review those additional coverages that are included and their conditions. Our goal at Ferranti-Graybeal is to make sure you understand your policy, what it covers, what it doesn’t, so there are no surprises!
Oregon Farm Insurance Additional Coverage: Debris Removal, Reasonable Repairs, Property Removed, Fire Dept Service Charge, Pollutant Clean Up and Removal.
DEBRIS REMOVAL: The insurance company will cover expenses to remove debris from the insured property if that debris is a result of a covered loss. The insured must report the expense within 180 days of the damage/loss for debris removal to be covered. The insurance company will pay equal to 25% of the total loss plus the amount of deductible applicable to the loss. If the amount is more, after limits have been reached, the insurance company will pay another 5% of the limit of insurance. EXCEPTION: The insurance company will not pay to extract pollutants from land or water.
REASONABLE REPAIRS: If the insured needs to make necessary repairs to the damaged property to prevent further loss, the insurance company will pay the reasonable costs to do so.
PROPERTY REMOVED: This additional coverage addresses if property is removed from a damaged building (that’s covered by policy) and placed somewhere else to prevent loss, the insurance company will pay for any loss to that property up to 30 days after its removal.
FIRE DEPARTMENT SERVICE CHARGE: No deductible applies here- the insurance company will pay for fire department services (assumed by contract or agreement with insured) when they are called to save or protect covered property from a covered cause of loss. EXCEPTION: If the fire department service is provided to insured through taxation, this coverage does not apply.
POLLUTANT CLEAN UP AND REMOVAL: If the loss is reported within 180 days, the insurance company will pay up $10k for each insured location and occurring during each 12 month period of this policy. It covers the insured’s costs to remove pollutants from land or water that results from a covered form of loss.
There are additional coverage types that only apply to Broad and Special Causes of Loss forms. They are as follows:
COLLAPSE: Damage or loss is covered if caused by or resulting from direct physical loss involving collapse of or any part of a building caused by one or more of the following:
- Hidden Decay
- Broad Form Named Perils (The ones listed in the broad form as covered perils)
- Weight of personal property or people
- Hidden insect or vermin damage
- Weight of rain that collects on a roof
- Use of defective methods of construction, defective materials, remodeling, or renovation- if collapse occurs during remodeling, renovation, or construction.
Your Team at Ferranti-Graybeal is available to help you customize coverage that is right for you and your insurance needs!
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