Farmowners Service Line Coverage...

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Bulletin for MAX Agents
Date:  December 5, 2016                          Bulletin No.:  16-023
State(s):  IA, IN, KS, MO, MT, NE, OH, OK, SD, VA and WV
Line(s) of Business:  Farmowners
Effective Dates:  New Business – 1/1/2017; Renewals – 2/1/2017

FARM SERVICE LINE COVERAGE APPROVED 
As part of our ongoing efforts to meet the needs of our members, MAX is introducing Service Line coverage for our Farmowners program. This new Service Line endorsement will provide coverage for direct physical loss to a service line, which is normally excluded under the standard Farmowners policy.

Effective January1, 2017 for New Business and February 1, 2017 for Renewal Business,  MAX will begin including this coverage on all issued Farmowner policies.  All policies will be accompanied by a policyholder notice and a flyer explaining the coverage with loss examples.  In addition, we have a Frequently Asked Questions flyer which includes anticipated questions and suggested answers when discussing Service Line Coverage.  View the FAQ flyer here.  

The following is a brief summary of the Service Line coverage and a link to the FO coverage form:
 
Farmowners Forms FO-2, FO-3 and FO 0005 may be modified to include loss resulting from service line damage. The FO MSL01 Service Line Coverage form provides a $10,000 per occurrence limit with a $500 deductible. The annual cost to the insured is $30 per policy.  Click here to view a copy of the Endorsement FO MSL01.
 
Direct Rate, Rule or Form Questions to:  Scott G
Scott Gillaspie                                                                                 
Director of Compliance                                                                   
sgillaspie@maxinsurance.com               
                           
Chris VDirect Underwriting Questions to:
Chris Vardiman
Underwriting Manager
cvardiman@maxinsurance.com 

New MAX Agent Phone Line!  844-MAX-AGNT (844-629-2468)
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