1. Forms
  2. CP
  3. CP-10-29

What it is

CP 10 29 belongs to ISO's 02 19 earthquake forms. Like CP 10 45, it adds Earthquake and Volcanic Eruption coverage subject to a separate earthquake sub-limit rather than the full property limits. The difference is that its deductible is a flat dollar amount, not a percentage of value.

How the earthquake forms fit together

  • Within property limits: CP 10 40 (percentage deductible) and CP 10 28 (flat-dollar deductible).
  • Sub-limit: CP 10 45 (percentage deductible) and CP 10 29 (flat-dollar deductible).
  • Schedule for sub-limit coverage: CP DS 06.

The earthquake endorsements reviewed share these provisions: a 168-hour event definition, exclusions for tsunami and pre-inception earthquakes, a masonry veneer limitation, and continued exclusion of ordinance or law unless separately endorsed.

Quoting and selling notes

  • Sub-limits let clients buy affordable earthquake protection when full-value capacity is expensive. Size the sub-limit to a realistic probable maximum loss.
  • Forms lists show the 02 19 edition in most states, but not in several high-seismic states (AK, CA, ID, MT, NY, TX, WA, among others).