P&CNationalmedium

On the ISO Commercial Property Building & Personal Property Coverage Form (CP 00 10), which Causes of Loss form must be attached to provide open-perils coverage, subject to the form's standard exclusions?

Q: On the ISO Commercial Property Building & Personal Property Coverage Form (CP 00 10), which Causes of Loss form must be attached to provide open-perils coverage, subject to the form's standard exclusions?

CP 10 30 Causes of Loss — Special Form — The ISO Commercial Property program separates the Building and Personal Property Coverage Form (CP 00 10) from a chosen Causes of Loss form. CP 10 10 Basic lists 11 named perils. CP 10 20 Broad adds Falling Objects, Weight of Snow/Ice/Sleet, Water Damage, and Collapse as an Additional Coverage. CP 10 30 Special Form converts the policy to open-perils, covering risk of direct physical loss unless excluded or limited (ISO CP 10 30).

ACP 10 10 Causes of Loss — Basic Form

BCP 10 20 Causes of Loss — Broad Form

CCP 10 40 Causes of Loss — Earthquake Form

CP 10 30 Causes of Loss — Special Form

Why this is the answer

The ISO Commercial Property program separates the Building and Personal Property Coverage Form (CP 00 10) from a chosen Causes of Loss form. CP 10 10 Basic lists 11 named perils. CP 10 20 Broad adds Falling Objects, Weight of Snow/Ice/Sleet, Water Damage, and Collapse as an Additional Coverage. CP 10 30 Special Form converts the policy to open-perils, covering risk of direct physical loss unless excluded or limited (ISO CP 10 30).

Studying for the Property & Casualty exam?

This question comes from our P&C bank. Take a free practice test — no signup.

Free P&C practice test Property & Casualty exam guide