What is the limit payable on business property located away from the premises under Coverage C of a farm policy?

Under Coverage C of a farm policy, the limit payable for business property located away from the premises is established at $500. This specific coverage is designed to address the needs of farmers and ranchers who may have valuable equipment, supplies, or inventory that is essential for their operations but is temporarily located off their primary property.

The limit is set to provide a balanced approach, ensuring that farmers are covered for their off-premises business property while recognizing the inherent risks associated with transient locations. Having a clear understanding of this limit helps ensure that all property-related risks are adequately managed, allowing farmers to make informed decisions regarding insurance coverages and potential additional protection as needed.

Other amounts provided in the options, such as $1,000, $100, or $250, do not align with the policy guidelines for Coverage C, indicating that farmers need to be aware of how much coverage is provided for off-premises items, and any additional coverage required should be considered in planning their insurance needs.