What it does

CR 04 09 adds coverage for the insured's securities and other property while held in a safe deposit box it leases, an exposure not otherwise addressed by the base forms' premises and messenger agreements.

Who needs it

Businesses and organizations that keep securities, bearer instruments, jewelry or documents in rented safe deposit boxes.

How it fits the policy

Optional insuring agreements like this one are not part of the base forms. When attached, the agreement and its limit and deductible are shown in the declarations under the insuring agreements added by endorsement, and the agreement is subject to the base form's general exclusions and conditions, including the discovery or loss sustained trigger of the form it is attached to. ISO's forms index lists the current edition for 52 jurisdictions.

Quoting and selling notes

• Ask what is in the box and its value; the bank's own liability to box renters is limited.
• CR 35 40 addresses transfers between boxes.

Related forms

See CR 04 12, CR 35 40.