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Shipping Insurance Coverage Form

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Shipping Insurance Coverage Form COMMERCIAL INLAND MARINE PIM 00 80 01 11 SHIPPING COVERAGE FORM Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered. Throughout this policy, the words "you" and "your" refer to the Named Insured shown in the Declarations. The words "we", "us" and "our" refer to the Company providing this insurance. A. Coverage 3. When Coverage Applies We will pay for direct physical loss of or We cover property in the care, custody damage to Covered Property from any of the or control of an authorized employee of Covered Causes of Loss. the approved carrier or their authorized contractor. Covered Property We cover property until it has been 1. Covered Property, as used in this coverage form, means property you delivered to the addressee at the have recorded for insurance under this address stated on the shipping package coverage form prior to loss or damage or label (Exception: see B. Exclusions, and sent by one of the approved 4.). methods of shipment for which a Limit of 4. Property Not Covered Insurance is shown in the Declarations: a. Contraband, or property in the 2. We cover approved goods and course of illegal transportation or merchandise consisting of jewelry, trade. coins, collectible currency, gold bullion, silver bullion, platinum bullion, palladium b. Property sold by or under encumbrance to you after delivery to bullion, watches, gemstones, antique the addressee. jewelry, antique watches, gold, silver, precious metals, jewelry components, c. Accounts, bills, deeds, evidences of clocks, clock works, hand blown glass, debt, notes, securities, and other ceramics, sports trading cards, stamps, negotiable documents. antiques, paintings, artworks, d. Property at the premises of the photographs, sculpture, exhibits, insured or at the premises of the minerals, meteorites, vintage clothing, addressee. vintage jewelry, vintage accessories, e. Property shipped by any other historical documents, pens, models company, carrier, or package made by modelmakers, rare books, delivery service, or by any other cartography, model trains, machined mode of transportation, unless parts, movies, films, quilts, Western specifically endorsed on to this Americana, American Indian artifacts, policy. gambling and casino collectibles, coin- f. Property shipped subject to a waiver operated machines and jukeboxes, of signature clause. antique toys and dolls, militaria, firearms, knives, antique radios and g. Shipments utilizing overnight letter sized soft packs or cardboard communication devices, photography envelopes. equipment, musical instruments, automobile parts (antique, classic & h. Shipments not made by you, your new), motorcycle parts, aviation parts, employee, or an authorized agent marine parts, tractor and farm machinery parts, autographs, political 5. Covered Causes Of Loss collectibles, rocks, fossils, fishing and hunting collectibles, decoys, stock Covered Causes of Loss means Direct certificates and other items of high Physical Loss Or Damage to the value, not limited to collectibles. Covered Property except those causes of loss listed in the Exclusions. PIM 00 80 01 11 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 5 with its permission. The PMA Insurance Group, 2011 COMMERCIAL INLAND MARINE PIM 00 80 01 11 6. Coverage Extension c. Insurrection, rebellion, revolution, usurped power, or action taken by Return Shipments governmental authority in hindering We will extend the coverage for or defending against any of these. outgoing shipments to include such property which has been rejected by the 4. Incorrect Delivery addressee or which is not deliverable, Incorrect delivery by the shipping while in due course of transit by an company caused by an incorrect approved carrier, being returned to you. address on the shipping label. Insurance under this extension ends 10 5. Unexplained Loss days after attempted delivery to the consignee. Unexplained loss, unexplained disappearance, nor loss or shortage B. Exclusions disclosed upon taking inventory. We will not pay for loss or damage caused 6. Misappropriation, sabotage, counterfeit, directly or indirectly by any of the following. secretion, conversion, infidelity or any Such loss or damage is excluded regardless dishonest act on the part of the insured of any other cause or event that contributes or other party of interest, their concurrently or in any sequence to the loss. employees or agents or others to whom 1. Governmental Action the property may be entrusted for any Seizure or destruction of property by purpose whatsoever. But this exclusion order of governmental authority. does not apply to covered property that has been entrusted to others for which But we will pay for loss or damage this insurance applies. caused by or resulting from acts of destruction ordered by governmental authority and taken at the time of a fire 7. Loss or damage caused by delay, loss to prevent its spread if the fire would be of market, or insufficient or defective covered under this coverage form. packing. Nor shall this policy cover any shortage in goods claimed to have been 2. Weapons forwarded in a package when the a. Any weapon employing atomic package is received by the addressee in fission or fusion; or apparent good condition with the seals b. Any mine or torpedo. unbroken. 3. War And Military Action 8. Loss or damage to insured property while in or upon any vehicle, whether or a. War, including undeclared or civil war. not an automobile, other land vehicle, watercraft, or aircraft, unless in the care, b. Warlike action by a military force, custody and control of one of the including action in hindering or approved shipping options listed on the defending against an actual or declarations page. expected attack, by any government, sovereign or other 9. Loss or damage caused by leakage, authority using military personnel or marring, scratching, creasing, denting, other agents. corrosion, rust, tearing, thinning, fading, transfer of colors, wear, tear, inherent But we will pay for direct loss or defect, dampness, extremes of damage caused by fire; explosion; temperature other than fire, insects, stranding; heavy weather; or vermin, gradual deterioration and collision or contact with aircraft, depreciation, or damage sustained while rockets or missiles or any fixed or being worked upon from handling. floating object (except any mine or torpedo); if warlike action does not 10. Earthquake contribute directly to these causes Loss or damage caused by earthquake, of loss. excepting damage caused by ensuing fire. PIM 00 80 01 11 Includes copyrighted material of Insurance Services Office, Inc., Page 2 of 5 with its permission. The PMA Insurance Group, 2011 COMMERCIAL INLAND MARINE PIM 00 80 01 11 11. Flood D. Additional Conditions Loss or damage caused by, resulting 1. Valuation from, contributed to, or aggravated by General Condition F. Valuation in the flood, surface water, waves, tidal water Commercial Inland Marine Conditions is or tidal wave, overflow of streams or replaced by the following: other bodies of water, or spray from any of the foregoing, all whether driven by a. The value of Covered Property will wind or not. be the lesser of: 12. Loss or damage resulting from your (1) Declared value; or parting with any property after receipt of (2) Shipments traveling without an payment in any form that is false, invoice will be valued at the fraudulent, invalid, uncollectible, or amount declared as the counterfeit. replacement cost at destination 13. Voluntary Parting provided that the replacement cost is substantiated by a Voluntary parting with any property by certified appraisal at the time of you or anyone entrusted with the loss; or property if induced to do so by any fraudulent scheme, trick, device or false (3) The cost of reasonably restoring pretense. that property to its condition immediately before loss or 14. Loss or damage caused by mold, damage; or mildew, fungus, bacteria, spores or other microorganisms of any type, (4) The cost of replacing that nature or description. property with substantially identical property. Exclusions B.1. through B.14. apply whether or not the loss event results in widespread b. If we pay any loss or damage: damage or affects a substantial area. (1) We will pay no more than the C. Limits Of Insurance value you have recorded for insurance, subject to a The most we will pay for loss or damage in maximum limit as shown on the any one occurrence is the applicable Limit of declaration page. Insurance shown in the Declarations; however, these limits of insurance are (2) We will pay you or anybody else limited if any conditions exist as follows: you direct us to pay; and 1. Overnight shipments made on Friday (3) We reserve all rights, title and with delivery designated for Monday interest in the Covered Property delivery. The most we will pay for any to the extent of payments paid loss or damage if shipments are made by us. on Friday with delivery designated for 2. Cancellation Monday delivery is $10,000 per package The following is added to the regardless of approved carrier. Cancellation Common Policy 2. Shipments made on the eve of any Condition: holiday that cannot be designated for In the event of cancellation, this delivery the next day. The most we will coverage form applies to all shipments pay for any loss or damage if shipments of Covered Property made up to the are made on the eve of any holiday and date and time of cancellation. cannot be designated for delivery the next day is $10,000 per package 3. Duties In The Event Of Loss regardless of approved carrier. The following is added to Loss Condition 3. Shipment is made from or to a trade C. Duties In The Event Of Loss in the show. The most we will pay for any loss Commercial Inland Marine Conditions: or damage if shipment is made to or Your proof of loss will also include: from a trade show is $10,000 per Proof of interest in the property; package regardless of approved carrier.
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