cost of excavations, grading, or filling;

fences;

foundations below the lowest basement floor or below ground level if there is no basement;

paved outdoor surfaces, including driveways, parking lots, roads, bridges, and walks;

pilings, piers, wharves, or docks;

retaining walls that are not part of buildings or structures; and

underground pipes, flues, and drains.

The insured may also purchase coverage for the following types of personal property which is normally excluded.

animals; and

vehicles or self-propelled machines (including aircraft or watercraft and their motors, equipment, and accessories) that are required to be licensed for use on public roads; or operated principally away from the described premises this does not include automobiles held for sale.

The insured may choose separate coverage on these items by showing a specific limit for each. Or, the insured may include them with all other covered building property, by increasing the building or personal property limit accordingly. An additional premium applies for use of the CP-23.

Excluding Coverage for Certain
Types of Property, CP-157

Just as endorsement CP-23 adds coverage for property that is normally excluded, endorsement CP-157 removes coverage for property that is normally covered. The insured may choose to exclude coverage for the following types of building property:

architect's fees;

crop silos;

chimneys or smokestacks;

swimming pools, diving towers, or platforms;

windmills, windchargers, etc.; and

property more specifically insured.

The CP-157 may also be used to remove coverage for the following types of business personal property:

contents of crop silos;

glass, other than building or structural glass;

indoor signs;

metals in ingots, pigs, billets, or scraps;

ores, gravels, clay, or sand;

personal property of others;

personal property in safes or vaults;

property in the open;

vending machines or their contents;

property more specifically insured; and

tenants improvements and betterments.

While use of endorsement CP-23 results in an additional premium for the insured, there is no premium credit for use of the CP-157.

Antennas, CP-606

When the insured chooses a coinsurance percentage of 80% or more, the basic policy provides some coverage for outdoor radio, television, satellite, dish-type, or other antennas and their masts, towers, and lead-in wiring. However, the insured may purchase separate coverage by scheduling his antennas on endorsement CP-606.

Automatic Increase/Inflation Guard, CP-111

The insured may choose to have the limits of covered property automatically increased by a certain annual percentage by adding form CP-111. This endorsement is not available for buildings under construction or for reporting form policies.

Back-up of Sewers and Drains, CP-607

All perils parts exclude damage by water that backs up through sewers or drains. The insured may buy-back this exclusion with endorsement CP-607. An additional premium applies.

Brands and Labels, CP-112

When a loss occurs, the insurer may take the damaged property at an agreed or appraised value. The insured may receive permission to stamp “salvage” on that property; or to remove brands and labels from it. However, this must be done at the insured's expense.

Debris Removal, CP-125

In the property coverage parts, debris removal expense is included in the limit of liability. When the amount of direct damage and debris removal expense exceed the limit of liability, an extra $5,000 is automatically available. The insured may choose to increase that $5,000 by adding endorsement CP-125. The agent should identify the property to which the endorsement applies and indicate a specific limit for debris removal coverage on the declarations or in the CP-125.

Functional Replacement Cost, CP-608

Sometimes the replacement cost option (new for old) is not the best choice for certain types of property. Typically a problem presents itself when the cost to replace damaged property with functionally equivalent property is more than its actual cash value and less than its replacement value. In this case, the insured may purchase endorsement CP-608, functional replacement cost. When in use, this endorsement allows for the use of functionally equivalent materials when settling a loss. For example: a solid mahogany banister is replaced with a pine banister.

Household Personal Property Coverage, CP-24

The insured may cover household personal property in covered buildings and structures. This includes household personal property that belongs to a family member or domestic worker of the insured. It also includes household personal property for which the insured may be legally liable. The agent should add endorsement CP-24 and make the appropriate charge.

Manufactured Stock Valuation—Selling Price, CP-133

The basic policy values a manufacturer's finished stock the same as any other business personal property. However, that valuation method may be changed to reflect the selling price of the stock less discounts and unincurred expenses. The agent should add endorsement CP-133, manufactured stock valuation. There is no premium adjustment.

Market Price Valuation—Distilled Spirits, CP-135

Endorsement CP-135, market price valuation—distilled spirits, functions like the CP-133, only for distilled spirits. It changes the valuation of distilled spirits held by a distiller to market price. No premium adjustment applies.

Ordinance or Law Extension—
Increased Cost of Construction, CP-138

The basic policy provides $5,000 of coverage to meet such increased costs. Endorsement CP-138 may be purchased to provide amounts above that $5,000. An additional premium applies.

Peak Season, CP-144

The inventory of many businesses is subject to seasonal changes in values. Instead of trying to keep up with these changes, the insured may purchase this endorsement (CP-144) to provide additional coverage during that time of the year when the values are increased. This endorsement is not available with reporting forms.

Personal Property – Acquired Locations, CP-114

The AAIS supplementary coverages provide a limited amount of coverage for personal property while moving to a different location. The insured may obtain coverage for such property at both locations by attaching endorsement CP-114. This endorsement covers the property at both locations for ten days, in the proportion that the value at each location bears to the value of all covered property being moved. An additional premium applies.

Pollutant Clean Up and Removal, CP-123

The AAIS commercial property policy provides an annual aggregate amount of $10,000 for pollutant clean up and removal. The insured may purchase extra amounts of this coverage via endorsement CP-123, pollutant clean up and removal coverage.

Signs, CP-605

The AAIS coverage parts cover outdoor signs for $1,000 for direct loss from limited perils. If the insured desires a higher limit, endorsement CP-605 is available. On this form, each sign is scheduled with its own limit of liability. An additional premium applies.

Stock Exclusion, CP-157

The insured may choose to exclude stock from covered property with endorsement CP-157. However, no premium adjustment applies.

Stock Only, CP-157

Endorsement CP-157 may also be used to exclude all personal property other than stock. Again, no premium adjustment applies.

Storage or Repairs Valuation, CP-167

Many insureds hold the property of others – either in storage or while repairing it. Often the insured gives the customer a receipt for the value of that property. The insured may choose to limit the valuation of such property to the amount shown on the receipt given to the customer. The endorsement is CP-167 and no premium adjustment applies.

Trees, Shrubs, and Plants, CP-610

The AAIS policies provide limited coverage for outdoor trees, shrubs, and plants not held for sale. The insured may purchase extra coverage for these items via endorsement CP-610. Trees, shrubs, and plants grown for commercial purposes or for standing timber are ineligible.

The endorsement has a place to show limits per each tree, shrub, and plant along with an aggregate limit for each location. The insured may also choose whether or not to apply the vehicle peril.

Vacancy and Unoccupancy Permit, CP-170

The AAIS policy restricts coverage during periods of vacancy or unoccupancy as follows:

1. there is no coverage after sixty days of vacancy or unoccupancy for the perils of attempted theft, breakage of building glass, sprinkler leakage (unless protected from freezing), theft, vandalism, or water damage;

2. the payment for any other covered loss is decreased by 15 percent during such periods.

The insured may remove these restrictions by purchasing endorsement CP-170, vacancy and unoccupancy permit.