What it does
IH 00 94 is filed by carriers as the Machinery And Equipment Coverage Form, 03 22 edition, alongside other IH forms revised at that time. 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
Businesses whose machinery is not contractors equipment but still moves or is otherwise better insured on an inland marine schedule.
Quoting and selling notes
Ask for equipment schedules, locations and how the equipment is used. Clarify whether mechanical breakdown is covered and how the form differs from IH 00 68 in the carrier's filing.
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.
