January, 2005

ISO Inland Marine Program

Summary: Form CM 00 22 09 04 provides equipment dealers coverage under the Insurance Services Office commercial insurance program. The form's purpose is to provide coverage for dealers in agricultural implements and contractors' equipment, insuring the dealer's stock in trade and similar property of others in the dealer's custody or control. Following is a discussion of the form.

Topics covered:

Introduction
Insuring agreement
Property not covered
Causes of loss
Collapse
Coverage extensions
Exclusions
Limits of insurance and deductible
Additional conditions
Definitions
Declarations page

Introduction

Equipment dealers form CM 00 22 provides open perils coverage for dealers in mobile agricultural and construction equipment. Coverage may be written on a reporting or nonreporting basis. When written on a reporting basis, form CM 99 02 09 04 is attached. To create a monoline equipment dealers coverage policy, form CM 00 22 is used together with policy declarations and equipment dealers declarations pages, common policy conditions form IL 00 17 11 98; (see Common Policy Conditions), Commercial Inland Marine Conditions form CM 00 01 09 04 (see Introduction, General Rules and Conditions), and any appropriate endorsements. Declarations pages and forms for any other desired or necessary coverages may be added to complete a package policy for the insured.