What it does
BP 12 43 adds to Property Not Covered the specific items of property scheduled by the underwriter, removing them from Section I – Property coverage.
Filing and timing
ISO introduced this form in its 2026 Businessowners multistate endorsement filing (BP-2026-OFR26), with the 03 27 edition. Where approved, the filings carry an effective date of March 1, 2027 for new and renewal policies, so agents will see it on 2027 renewals with carriers that adopt it. State approval varies; some states rejected or replaced individual forms.
Quoting and selling notes
- Read the schedule: anything listed is not covered property.
- Look for separate coverage (inland marine, equipment floaters) for the excluded items.
- Ask the underwriter why an item is excluded and whether it can be insured another way.
