What it does

CP DS 00 is the declarations page for the commercial property coverage part. It ties the coverage forms to specific premises and limits. It records:

• Policy number, effective date, named insured, and whether supplemental declarations (CP DS 01) are attached.
• Description of premises: premises and building numbers, location, construction and occupancy.
• Coverages provided per premises and building, with limit of insurance, covered causes of loss (basic, broad or special), coinsurance percentage and rates.
• Optional coverages: agreed value with expiration date, replacement cost, inflation guard percentages, and the business income options (monthly limit of indemnity, maximum period of indemnity, extended period of indemnity).
• Mortgageholders, the deductible, and forms applicable to the coverage part.

Quoting and selling notes

• Most property coverage questions come down to what the declarations say. Check each building's limit, causes of loss form, coinsurance and replacement cost election.
• If Agreed Value is shown, note its expiration date. Coinsurance comes back if it lapses.
• Confirm mortgageholders and that business income options match the quote.
• Many carriers use their own declarations layout built on this ISO form.