What it does
The Causes of Loss – Basic, Broad and Special forms contain a special exclusion for business income and extra expense. It removes loss caused by damage to radio or television antennas (including satellite dishes) and their lead-in wiring, masts or towers. CP 15 50 is a one-sentence endorsement stating that the radio or television antennas special exclusion does not apply.
Who needs it
Broadcasters and other businesses whose operations stop when an antenna, tower or satellite dish is damaged. A windstorm that topples a broadcast tower would otherwise leave the resulting income loss uninsured.
Quoting and selling notes
- Insure the antennas themselves. Outdoor antennas, satellite dishes, masts and towers are Property Not Covered in CP 00 10 except under the limited Outdoor Property extension. CP 14 50 can schedule them as covered property.
- Towers are heavily exposed to wind and ice. Expect underwriting questions about engineering and age.
- Forms lists show 10 12 as the current edition in most states, with 11 85 in Florida and Hawaii.
