What it does
CG 20 24 adds the scheduled landowner as an additional insured for "bodily injury", "property damage" or "personal and advertising injury" caused, in whole or in part, by the named insured or those acting on its behalf in connection with the ownership, maintenance or use of that part of the land leased to the named insured.
Who needs it
Ground lessees: parking operators, contractors' yards, auto and equipment dealers on leased lots, telecom tower and billboard operators, and agricultural tenants.
Key provisions and limits
- Excludes any "occurrence" after the named insured stops leasing the land.
- Excludes structural alterations, new construction or demolition performed by or for the landowner.
- Coverage applies only to the extent permitted by law.
- Contract-based limits: coverage is no broader than any contract requires, the most paid for the additional insured is the lesser of the contract-required amount or the policy limits, and the endorsement does not increase limits.
Quoting and selling notes
- For leased buildings or space, use CG 20 11 instead.
