What it does
IH 00 72 is ISO's motor truck cargo form written for carriers, meaning trucking firms that transport property of others for hire. As the "carriers" title indicates, it protects the trucker for cargo of others in its custody, as opposed to the "owners" form IH 00 76 used by businesses hauling their own goods. ISO publishes this form in its IH series of commercial inland marine forms. IH forms are used within the Commercial Inland Marine Coverage Part, together with the Commercial Inland Marine Conditions (CM 00 01) and the Common Policy Conditions.
Who needs it
Interstate and intrastate for-hire truckers. Shippers, brokers and freight contracts routinely require cargo limits (often $100,000 per load) and certificates naming the shipper; some states and household goods regulations impose cargo filing requirements.
Quoting and selling notes
Ask for commodities hauled (high-theft loads such as electronics, alcohol, tobacco and pharmaceuticals are often excluded or sublimited), maximum value per load, radius of operations, terminals and overnight parking, refrigerated units, and owner-operators or interchanged trailers. Refrigeration breakdown is a separate coverage; ISO's IH 72 01 adds spoilage and FDA regulation loss for this form, and IH 72 02 addresses non-owned trailers. Contingent cargo for brokers is written on IH 00 60. Confirm whether the form responds on a legal liability basis or broader terms, and review the carrier's exclusions for unattended vehicles.
Before presenting it
ISO's IH forms are often adopted with carrier changes, and their wording differs from the filed CM forms. Obtain the carrier's specimen and walk the insured through covered property, property not covered, the exclusions, valuation, the deductible and any coinsurance or reporting condition, and match the limits to a current schedule of values.
