Reporting Form Endorsement
— No Penalty in Spite of Underreporting

Q

Our insured suffered a loss under ISO's building and personal property form CP 00 10 04 02 with a reporting form attached. The insured had chosen replacement cost valuation on form CP 00 10 when the policy was written, but forgot about it when completing the reporting forms during the policy year. The reporting forms were all calculated on an actual cash value basis.

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