What it does
CU DS 01 is the declarations page for CU 00 01. It carries the umbrella limits (each occurrence, personal and advertising injury, aggregate), the self-insured retention, the premium and audit basis, and the Schedule of "underlying insurance", which defines the retained limit the umbrella sits above. Policies the insured has that are not on the schedule are not "underlying insurance" for the umbrella's retained limit.
Who needs it
Every policy written on CU 00 01.
Key provisions
Carriers' SERFF filings show the 12 20 and 09 00 editions of the ISO umbrella declarations in use; many carriers file their own umbrella declarations under different numbers.
Quoting and selling notes
- Check that every underlying policy (CGL, auto, EL, liquor, hired/non-owned, foreign) is scheduled with the correct carrier, limits and dates.
- Confirm the self-insured retention amount on the quote.
- Underlying limits shown must match the actual policies or the insured bears the gap.
Related forms
CU 00 01, CU 24 37.
