What it does
CR 04 11 adds an insuring agreement for property belonging to guests of a lodging business, a bailee exposure that the insured's own crime coverage does not reach because guests' property is not the insured's property. ISO also offers related limit and scope endorsements, including CR 35 28 (guests' property accepted for safekeeping), CR 35 33 (increase limit per guest) and CR 35 36 (guests occupying leased lodging accommodations).
Who needs it
Hotels, motels, inns, bed-and-breakfasts, resorts and other lodging operators, including those that offer in-room safes or front-desk safekeeping.
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 51 jurisdictions.
Quoting and selling notes
- Ask whether a safe is offered, how valuables are logged, and the largest value a guest typically leaves.
- Limits per guest can be raised with CR 35 33.
Related forms
See CR 35 28, CR 35 33, CR 35 36, CR 04 12.
