April, 2001
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 18 10 00. The form is available for business or professional firms that own commercial condominium units. The form closely follows building and personal property coverage form CP 00 10 10 00, but is modified to fit the needs of commercial condominium unit owners. In addition, ISO has provided an optional endorsement, form CP 04 18 06 95, offering loss assessment coverage and miscellaneous real property coverage.
Following is a discussion of the current form, with differences from the previous form and the CP 00 10 noted.
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