1. Forms
  2. IL
  3. IL-00-32

What it does

Instead of excluding terrorism, IL 00 32 limits it. When coverage applies to loss caused by "terrorism", the full Limit of Insurance does not apply. A scheduled Terrorism Sub-Limit is the most paid for all terrorism loss under the affected coverage in an annual policy period, even if other covered causes contribute.

Key provisions

  • Schedule Part I shows the coverage forms, property or coverages and the sub-limit. Part II lists states where the sub-limit does not apply to certain fire losses.
  • "Terrorism" uses ISO's definition, and the endorsement applies only to incidents causing more than $25,000,000 in insured damage in the U.S., its territories and possessions, Puerto Rico and Canada. Related incidents within 72 hours count as one.
  • Other exclusions such as nuclear hazard and war still apply.

Quoting and selling notes

  • Compare the sub-limit with property values at concentrated urban locations.
  • The TRIA certified-acts version is IL 09 87.