What it does

CP 14 20 is a short scheduling endorsement. Whatever property is described in its Schedule, by premises and building number, is added to Property Not Covered in the Building and Personal Property, Condominium Association and Condominium Commercial Unit-Owners coverage forms and the Standard Property Policy. That property is then not insured under the coverage part.

Why it is used

• To avoid overlapping coverage when certain items are insured under another policy, such as inland marine floaters for contractors' equipment or fine arts.
• To remove property the underwriter will not insure, such as dilapidated outbuildings, or property the insured does not want to insure and include in values.
• To carve out specific structures at a multi-building location.

Quoting and selling notes

• Read the schedule carefully at each renewal. Items removed here are completely uninsured unless another policy covers them.
• If the item is removed because it is insured elsewhere, confirm the other policy is in force and its limits are adequate.
• The opposite endorsement is CP 14 10, Additional Covered Property.
• The 07 88 edition remains in use.