Includes copyrighted material of Insurance Services Office, Inc., with its permission

ISO has developed a new endorsement, HO 06 69, Utility Line Expense Coverage to provide coverage for direct physical loss to underground utility lines caused by certain specified perils. It has a proposed effective date of December 1, 2020, and was developed because of feedback indicating that more utilities and municipalities are looking to enter marketing partnerships with providers offering such coverage. Consumers have been asking carriers and agents about such coverage. The filing is not yet being implemented, and it has not yet been approved in California. We are discussing the form as it stands currently, and will update the article with any changes. 

The form allows the insured to select a limit of liability. The basic limit is $10,000 per loss and increased limits are allowed of $25,000 or $50,000. Since this is particular to utility lines, the form needs to define what it intends to cover.