What it does
CM DS 02 is the coverage part declarations for the ISO Commercial Inland Marine Coverage Part. It identifies the policy and the coverage forms and endorsements that make up the inland marine part, along with the premium. Most ISO CM coverage forms also have their own form-specific declarations (for example jewelers block, mail, signs, theatrical property, valuable papers and records and equipment dealers declarations in the CM DS series), where the limits, deductibles, coinsurance and scheduled items are shown.
Who needs it
Every policy that includes ISO commercial inland marine coverage carries a coverage part declarations page, whether the inland marine part stands alone or sits inside a commercial package with property and general liability.
Key provisions and quoting notes
- Check that every coverage form quoted is listed, along with any reporting, additional property or state amendatory endorsements.
- Limits for scheduled items (contractors equipment, fine arts, signs) normally appear on the form-specific declarations or a schedule, so review both pages when checking a certificate or a renewal.
- Carriers often use their own declarations formats; the ISO form numbers of the attached coverage forms still identify the coverage.
Related forms
Used with CM 00 01 conditions, the common policy declarations (IL DS 00) and the renewal version CM DS 01.
