X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ISO FORM CP 13 10 04 02

Summary: The value reporting form (CP 13 10 04 02) can be used to modify the following policies: building and personal property coverage form, condominium commercial unit-owners coverage form, and the standard property policy. It provides coverage for personal property at reported, acquired or incidental locations as indicated on the declarations page. Coverage is not provided for property at fairs or exhibitions.

Topics Covered:

Introduction Covered property Reporting provisions Premium adjustment Definitions

Introduction

This endorsement extends the covered locations for personal property and delineates the reporting of value options available. The abbreviations for the different reporting options will be listed on the declarations page in place of a coinsurance percentage. The abbreviations are explained later in this discussion.

Covered property

A.Additional Covered Property

1.Covered Property is extended to include personal property at the following types of locations for which a Limit of Insurance is shown in the Declarations or on the Reported Acquired Incidental Locations Schedule:

a.”Reported locations”;

b.”Acquired locations”; and

c.”Incidental locations”.

2.The following is added to Property Not Covered:

Covered Property does not include property at fairs or exhibitions.

Analysis

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to 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?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

ICLC Staff Writer

 

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.