What it does
OP 04 06 appears in a carrier's Capital Assets Program filing as Utility Services – Direct Damage, the output policy counterpart to utility services coverage in other ISO property programs.
Who needs it
Accounts whose property can be damaged when off-premises power, water or communications fail, such as cold storage and manufacturers.
Quoting and selling notes
Ask which utilities serve each site and whether overhead lines are included.
Before presenting it
Ask the carrier for the specimen and walk the insured through covered property, causes of loss, exclusions, valuation, deductibles and sublimits before relying on this summary.
How it fits
Capital Assets Program endorsements change only the provisions they name in OP 00 01; the rest of the coverage form and its declarations (OP DS 01, OP DS 02) continue to apply. When presenting a quote, list each OP endorsement with its schedule entries (locations, limits, deductibles) and compare the package with the equivalent commercial property (CP) forms if the insured is weighing both programs.
