-
Menu
-
- Law.com
- Law.com - United States
- Law.com - International
- Home
- Publications
- Practice Tools
- Events
- Legal Newswire
- Legal Dictionary
- Verdict Search
- Jobs
- Insurance Coverage Law Center Home
- COVID-19
- Topics
- Litigation
- Deals and Transactions
- Law Firm Management
- Legal Practice Management
- Legal Technology
- Intellectual Property
- Cybersecurity
- All Law Topics ➝
- Sections
- Case Law Analysis
- Policy Analysis
- Legislative & Regulatory
- Verdicts & Settlements
- Eye on the Experts
- Cases
- Analysis
- Forms
- News
- Insurance Dictionary
- About Us
- About Us
- Contact Us
- All Sections
- Advertise
- Customer Care
- Terms of Service
- FAQ
- Privacy Policy
- Follow Insurance Coverage Law Center
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
- Search
-
Insurance Coverage Law Center
-
- Insurance Coverage Law Center Home
- Law.com
- Publications
- The American Lawyer
- National Law Journal
- Corporate Counsel
- New York Law Journal
- The Legal Intelligencer
- The Recorder
- Daily Business Review
- Browse All Publications ➝
- Law Topics
- Litigation
- Deals and Transactions
- Law Firm Management
- Legal Practice Management
- Legal Technology
- Intellectual Property
- Cybersecurity
- All Law Topics ➝
- Sections
- Case Law Analysis
- Policy Analysis
- Legislative & Regulatory
- Verdicts & Settlements
- Eye on the Experts
- Cases
- Analysis
- Forms
- News
- Insurance Dictionary
- About Us
- About Us
- Contact Us
- All Sections
- Advertise
- Customer Care
- Terms of Service
- FAQ
- Privacy Policy
- Follow Insurance Coverage Law Center
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
Hotels, Motels, and Inns—Archived Article
Describes the ISO market segments program MS HM 01 which is attached to the CGL and BPP forms to tailor coverage for the hotel, inn, and motel industry.
Thank you for sharing!
ISO Market Segments Program
Summary: The Insurance Services Office (ISO) has developed a market segments program providing specialized coverages for certain specialty insurance markets. This program offers “wrap-around” endorsements that are used to enhance the coverages provided by standard coverage forms, like the commercial property and general liability forms.
The hotel, motel, and inn program applies to six major classes of hotel/motel business: hotels, motels, and inns with pools or beaches and less than four stories high, and those with four stories and higher; hotels, motels, and inns without pools or beaches and less than four stories high, and those with four stories and higher; and lessor’s risk only hotels, motels, and inns and less than four stories high, and those with four stories and higher.
This article provides information on the hotels, motels, and inns coverage form, MS HM 01 07 07 . The endorsement modifies the CGL forms, the building and personal property coverage form, and the causes of loss—special form. These policies are analyzed in CGL Coverage Form–Coverage A ; see [IDL:CGL Coverage Form—Coverage B] ; see Medical Payments ; see General Provisions of the CGL ; see Building and Personal Property Coverage Form ; and see Causes of Loss .
Topics covered:
Introduction
MS HM 01 is an endorsement that modifies the CGL forms, the commercial property form, and the causes of loss—special form; the provisions of these forms apply to the risk except as otherwise provided in MS HM 01. The endorsement enhances the coverages provided by the standard forms by offering additional property coverages, some crime coverages, and errors and omissions coverage. The limits of insurance offered by MS HM 01 are base limits that can be increased through the use of a supplemental schedule, MS HM DS.
Changes to the Commercial Property Form
MS HM 01 changes some of the amounts available as additional coverages under CP 00 10, the building and personal property coverage form, and adds other coverages.
Under the additional coverage of debris removal, the expense to remove debris of covered property caused by or resulting from a covered cause of loss is paid. MS HM 01 increases the amount available for this removal from $10,000 to $25,000. The formula that is applied to have this debris removal amount paid is the same under MS HM 01 as under CP 00 10, but the insured has more money available to him for the removal process. Considering the size of hotels and motels and the quantity of property in them that may be destroyed in a loss, it is reasonable to accommodate the particular needs of the insured by allowing the debris removal amount to be increased.
This premium content is locked for
Insurance Coverage Law Center subscribers only.
Enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.
- Access the most current expert analysis and daily developments across jurisdictions
- Solve complex research issues with expert tools and intelligence
- Tap into insurance coverage expert guidance
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].
ICLC Staff Writer
Review Policy Analysis from Insurance Industry Experts
Get access to the daily questions insurance professionals ask our industry experts.
Insurance Coverage Law Report
Insurance Coverage Law Report
Woman Caught STD in Car, Auto Insurance to Pay Out $5.2 Million
The Missouri woman sued Geico claiming that she contracted a sexually transmitted disease from the car owner after the two had sex inside a car covered by the insurer.
Back Issues ›
Eye on the Experts
Industry News
- Insurers Are Seeing Some Benefits from Tough Economic Environment, Study Shows
- Insured Maui fire losses likely to top $1 billion
- California Homeowners Market Continues Shrinking
- Delaware Issues Bulletin Regarding False Representations Regarding Rates
- Florida Emergency Rule and Memorandum Regarding Claims-Handling Manuals
About Us / Contact Us / Site Map / Advertise With Us/ Customer Service / Terms of Service/ FAQ / Privacy Policy
Publications
Law Topics
Rankings
More
Copyright © 2024 ALM Global, LLC. All Rights Reserved.