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Coverage by Endorsement

Summary: Radioactive contamination damage is effectively excluded from property (and casualty) insurance contracts by one or more standard exclusions referred to as “nuclear hazard exclusions.” While relatively few risks require such coverage, a number of insureds have a definite need for insurance. Many such insureds can secure this protection by purchasing CP 10 37 10 00 , the radioactive contamination endorsement. This endorsement modifies the causes of loss forms and the standard property policy. There are two applicable coverages offered by CP 10 37, limited radioactive contamination and broad contamination.

Topics covered:The endorsementRate information

The Endorsement

Commercial property coverage forms have a general exclusion pertaining to nuclear damage. The nuclear hazard exclusion states that the insurer will not pay for loss or damage from nuclear reaction, radiation, or radioactive contamination, however caused; if loss or damage by fire results from the nuclear hazard, that loss will be covered. See Causes of Loss . The exclusion shows the need for the CP 10 37 endorsement if an insured requires any type of radioactive contamination coverage, be it limited or broad contamination coverage.

The limited radioactive contamination section of the endorsement offers coverage for contamination that directly results from any other covered cause of loss. For example, if a fire on an insured premises burns away a lining that guards some radioactive material resulting in contamination of that building, this coverage will apply to the loss or damage from both the fire and the radioactive contamination. Radioactive contamination, incidentally, is defined as direct physical loss or damage caused by sudden and accidental radioactive contamination, including resultant radiation damage to the described property.

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