Common Policy Declarations of Commercial Package insurance

Common Policy Declarations of Commercial Package insurance


 

 COMMON POLICY DECLARATIONS

Although we’ll discuss the individual coverage parts of the CPP in subsequent article, in this article we’ll review the two general forms that are a part of every CPP and are also included in any monoline policy issued using CPP forms: the common policy declarations and the common policy conditions.

The common policy declarations contains information about who is insured, when he is insured, and for what lines. It includes:

the name and mailing address of the named insured;

the policy period, including the time and date coverage begins and ends;

a description of the covered business;

the coverage parts purchased and their premiums; and

a list of forms applicable to all coverage parts.

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