• Mortgageholders Errors and Omissions Form—Archived Article

    Mortgageholders Errors and Omissions Form—Archived Article ISO Simplified Commercial Property Program Summary : Errors and omissions coverage for mortgagees—banks, building and loan associations, insurance companies, and other financial institutions—protects against impairment of the...

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  • Sprinkler Leakage Insurance - Archived

    Sprinkler Leakage Insurance - Archived A Discussion Summary : Sprinkler leakage insurance, well described by its title, covers loss resulting from direct damage to insured property caused by leakage or discharge of any substance from an automatic sprinkler system, including collapse of a tank...

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  • Earth Movement Exclusion - Archive

    Earth Movement Exclusion - Archive Opposing Views: Any Movement vs. Natural and Catastrophic Summary : Property policies generally exclude earth movement as a cause of loss. What constitutes earth movement for purposes of the exclusion? There are two views that have been developed in the courts:...

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  • Legal Liability Coverage Form - Archive

    Legal Liability Coverage Form - Archive Fire, Other Legal Liability for Commercial Risks Summary: Under common law, anyone who negligently damages property of another is obliged to make restitution to the owner. General liability forms commonly exclude coverage for damage to personal property...

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  • AAIS Commercial Property Program - Endorsements - Archive

    AAIS Commercial Property Program - Endorsements - Archive Used to Modify Policy Summary: In addition to the commercial property coverage parts discussed on earlier pages, AAIS offers several endorsements in its commercial property program, which this article discusses. Topics covered: Coverage...

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  • Condominium Commercial Unit Owners Coverage - Archive

    Condominium Commercial Unit Owners Coverage - Archive ISO Simplified Commercial Property Program Summary: Insurance Services Offices (ISO) under the simplified commercial property program provides for the particular needs of commercial condominium unit owners under a separate coverage form, CP 00...

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  • Joint Loss Agreements—Archived Article

    Joint Loss Agreements—Archived Article Gas Combustion Explosion vs. Pressure Vessel Explosion Introduction The Insurance Services Office (ISO) boiler and machinery coverage form ( BM 00 25 06 95 ) is designed to dovetail with ISO's building and personal property coverage form (CP 00 10) and...

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