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  2. CP
  3. CP-10-28

What it is

ISO's earthquake program includes endorsements that add Earthquake and Volcanic Eruption as covered causes of loss. CP 10 40 does this within the property limits and applies a percentage deductible. CP 10 28 was introduced with the 02 19 earthquake revision as its counterpart with a flat-dollar deductible.

Related forms

  • CP 10 40: earthquake coverage with a percentage deductible.
  • CP 10 45 and CP 10 29: the sub-limit versions, with percentage and flat-dollar deductibles respectively. The earthquake limit is separate from, and usually lower than, the property limits.
  • CP DS 06: the schedule used with the sub-limit forms.

Quoting and selling notes

  • A flat deductible is easier for clients to understand and budget. On large buildings it can produce a lower retention than a percentage deductible, which affects price and availability.
  • Forms lists show the 02 19 edition in most states. Several high-seismic states, including AK, CA, ID, MT, NY, TX and WA, are listed as not using the 02 19 earthquake forms.