What it was
CP 10 32 replaces the Water exclusion in the commercial property coverage part or Standard Property Policy. The replacement exclusion covers:
- Flood, surface water, waves (including tidal wave and tsunami), tides, overflow of any body of water and spray, whether or not wind-driven, including storm surge.
- Mudslide or mudflow.
- Water backing up or discharged from a sewer, drain, sump, sump pump or related equipment.
- Underground water seeping through foundations, basements and openings.
- Waterborne material.
It states the exclusion applies whether these are caused by an act of nature or otherwise caused, and gives the failure of a dam, levee, seawall or other containment system as an example. Resulting fire, explosion or sprinkler leakage (if covered) remains covered.
Status
- ISO incorporated the substance of this endorsement into the Water exclusion of the 10 12 Causes of Loss forms (CP 10 10, CP 10 20, CP 10 30), so the endorsement was withdrawn wherever those editions apply.
- Policies in states still using earlier editions continue to attach CP 10 32 08 08. Policies filed in federal court list it alongside CP 10 30 06 07, for example an Illinois property policy filed in 2018 and a Florida condominium policy filed in 2021. Forms lists show the 08 08 edition for Florida and Hawaii only.
