What it does
OP DS 01 is the declarations page for the Capital Assets Program (Output Policy). Carriers file the 06 23 edition with the supplemental declarations OP DS 02.
Who needs it
Every policy written on OP 00 01.
Quoting and selling notes
Confirm locations, limits, sublimits, deductibles and attached endorsements match the quote.
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.
