Topics covered:

Introduction
Covered property
Property not covered
Causes of loss
Additional coverages
Coverage extensions
Exclusions
Limits of insurance and deductible
Common policy and commercial property conditions
Loss conditions
Vacancy provision
Endorsements

Introduction

The standard property policy, CP 00 99 10 00, uses a different format from the rest of ISO's commercial property program in that the policy is a self-contained unit that includes causes of loss and applicable conditions. The building and personal property coverage form, CP 00 10 10 00, is a modular form to which causes of loss and conditions forms must be added. The CP 00 99 therefore provides a  simpler, less costly vehicle for insuring those risks for which coverage under the other forms of the commercial property program is too broad, or is unavailable. The CP 00 99 is not available for use in the states of Hawaii, Kansas, New York, or Vermont.

The CP 00 99 may also be used in conjunction with the CP 17 99 06 95—condominium association coverage endorsement—for a condominium association, or with the CP 17 98 10 00—condominium commercial unit owners changes—to provide coverage for commercial unit owners. It may also be used with the CP 11 99 06 95—builders risk changes—to insure buildings under construction. An overall rate credit of 2 percent applies. For rating information, see the commercial lines manual (CLM).