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ISO Inland Marine Program

Summary: The signs coverage form (CM 00 28 03 10 ) is included in the Insurance Services Office’s (ISO) inland marine program. According to ISO’s manual, it affords open perils coverage only for neon, fluorescent, automatic, or mechanical electric signs and lamps. Ineligible for coverage are billboards or ordinary fixed signs, whether or not they are directly illuminated by electric lights. Under the inland marine program’s modular format, a complete signs policy is formed by combining a signs coverage form with a declarations page—where all covered property is scheduled with limits of insurance—a common policy conditions form, and an inland marine general conditions form. Alternately, these forms may be added to forms and endorsements of the other commercial lines programs to form a commercial package policy.

Topics Covered:Coverage Exclusions Limits of insuranceDeductible Additional conditions

Coverage

A. Coverage

We will pay for direct physical loss of or damage to Covered Property from any of the Covered Causes of Loss.

1. Covered Property, as used in this Coverage Form, means:

a. Your signs; and

b. Similar property of others in your care, custody or control.

2. Property Not Covered

Covered Property does not include contraband, or property in the course of illegal transportation or trade.

Analysis

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