What it does
CM 00 29 covers scenery, costumes and theatrical properties owned by the insured, and similar property of others in its care or on which it has made partial payments, when intended for or used in a production stated in the declarations. Coverage is open perils within the United States, its territories, Puerto Rico and Canada.
Who needs it
Producers and theater companies, touring shows moving sets between venues, school and university theater programs, and organizations that rent costumes and sets from costume houses that require insurance.
Key provisions
- Not covered: buildings and improvements, vehicles not used on stage in the production, jewelry of precious stones or metals, money and documents (including admission tickets), animals and contraband.
- Exclusions: theft from an unattended vehicle unless locked with signs of forced entry (not applicable to property with a carrier for hire), marring and breakage of glass articles except by listed perils, unexplained disappearance, inventory shortage, dishonest acts, processing or work, artificially generated current, plus standard exclusions.
- Coinsurance applies if shown; abrupt collapse additional coverage is included.
Quoting and selling notes
Identify each production, the value of sets, costumes and props, owned versus rented items and the touring schedule. Rental contracts with costume or scenic houses often set the value the renter must insure. Vehicle security is critical given the unattended vehicle condition. A Texas version of the form remains at the 03 10 edition.
