Amount Insured/Rate: Invoice value of product and container, not to exceed policy limits
described below, rates as follows:
Tier 1: Up to $2,000,000 - $1.10 per $1,000 of invoiced seed
Tier 2: Greater than $2,000,000 - $1.00 per $1,000 of invoiced seed
Tier 3: Greater than $5,000,000 - $0.90 per $1,000 of invoiced seed
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Property Construction Type Description:
Frame Construction (Frame) - Exterior walls of wood, brick veneer, stone veneer, wood
ironclad, stucco on wood
Frame/Metal Construction (FM) - Metal exterior with wood frame
Joisted Masonry Construction (JM) - Exterior walls of masonry material (adobe, brick,
concrete, gypsum block, hollow concrete block, stone, tile, or similar materials), with
combustible floor and roof
Noncombustible Construction (NC) - Exterior walls, floor and supports made of metal,
asbestos, gypsum or other noncombustible materials
Masonry Noncombustible Construction (MNC) - Exterior walls of masonry material
(adobe, brick, concrete, gypsum block, hollow concrete block, stone, tile, or similar
materials), with floor and roof of metal or other noncombustible materials
Modified Fire-Resistive Construction (MFR) - Characterized by exterior walls, floors,
and roof of masonry or fire-resistive material with a fire-resistance rating of at least 1
hour but less than 2 hours
Fire-Resistive Construction (FR) - Exterior walls, floors, and roof of masonry or
fire-resistive material with a fire resistance rating of at least 2 hours
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