What Does Commercial Property Conditions Form Mean?

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What does Commercial Property Conditions Form mean? Read on to discover the definition & meaning of the term Commercial Property Conditions Form - to help you better understand the language used in insurance policies.

Commercial Property Conditions Form

Commercial Property Conditions Form

Attached to every Insurance Services Office, Inc. (ISO), commercial property policy, this form (CP 00 90) establishes the policy provisions with respect to the following issues: concealment, misrepresentation, and fraud; control of property; insurance under two or more coverages; legal action against the insurer; liberalization; no benefit to bailee; other insurance; policy period and coverage territory; and transfer of recovery rights against others (subrogation).

We hope the you have a better understanding of the meaning of Commercial Property Conditions Form.

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