What it does
IH 99 23 adds an exclusion for theft from any unattended vehicle unless, at the time of theft, its windows, doors and compartments were closed and locked and there are visible signs of forced entry. The 12 02 specimen lists the forms it modifies: Annual Transit, Commercial Fine Arts, Computer Systems, Difference In Conditions, Installation, Installment Sales And Leased Property, Motor Truck Cargo Owners, Radio And Television Towers And Equipment, Scientific And Medical Diagnostic Equipment, Trip Transit and Warehouse Operators Legal Liability. A 12 18 edition has since been filed.
Who needs it
Carriers attach it where vehicle theft is a frequent loss, such as installers with materials in vans or salespeople with equipment in cars.
Quoting and selling notes
Explain the conditions to the insured's staff: vehicles must be locked and the loss must show forced entry. Theft of an entire vehicle, open pickup beds and unlocked trucks at jobsites are common disputes. Locked toolboxes and alarmed vehicles reduce the exposure.
Related forms
IH 00 71, IH 00 76, IH 00 78, IH 00 73, IH 00 75, IH 00 88, IH 00 89.
