January 4, 2016

Commercial Inland Marine Program

Summary: The Film Coverage Form, CM 00 45 01 13, provides broad coverage for exposed motion picture and magnetic or video tapes, including sound tracks and other sound records. Any person or firm engaging in commercial production of motion picture films or the commercial recording of magnetic or video tapes is eligible for coverage. Like the other coverage forms in the current Insurance Services Office (ISO) commercial inland marine program, the form is combined with a declarations page, Common Policy Conditions form, IL 00 17 11 98, and Commercial Inland Marine Conditions form, CM 00 01 09 04, to make a policy.

Topics covered: Introduction Insuring agreement Property not covered Causes of loss Collapse Exclusions Limits of insurance and deductible Additional conditions

Introduction

The Film Coverage Form is for those engaged in the production of commercial films or in commercial recording of magnetic or video tapes. It may be written on a reporting or nonreporting basis and is restricted to certain locations. When written on a nonreporting basis, form CM 45 01 09 00 is added. Consult the Commercial Lines Manual (CLM) for rules.

Insuring Agreement

A.Coverage

We will pay for direct physical loss of or damage to Covered Property from any of the Covered Causes of Loss.

1.Covered Property, as used in this Coverage Form, means:

a.Exposed motion picture film and its sound track or other sound record; and

b.Properly recorded magnetic or video tape and its sound track or other sound record. Tape is considered to be properly recorded if it has been replayed and checked after recording;

when used in the production shown in the Declarations and that you own or have in your care, custody or control.

Analysis

The film coverage form provides open perils coverage, subject to certain exclusions (discussed later in this article). Specific productions to be covered must be scheduled in the declarations, along with a limit of insurance for each production.

The form covers the following property:

·exposed motion picture film—not blank—and its sound track or other sound record

·properly recorded magnetic or video tape and its sound track or other sound record. (Tape is “properly recorded” if it has been replayed and checked after recording.)

The policy is written on a reporting basis, with an optional nonreporting endorsement (CM 45 01) for use with insureds whose insured property is not subject to frequent fluctuations in value.

Property Not Covered