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 vintage jewelry, vintage accessories, e. Property shipped by any other historical documents, pens, models company, carrier, or package made by modelmakers, rare books, delivery service, or by any other cartography, model trains, machined mode of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. a. b. Affidavit of shipment;
PIM 00 80 01 11 Includes copyrighted material of Insurance Services Office, Inc., Page 3 of 5 with its permission. The PMA Insurance Group, 2011
COMMERCIAL INLAND MARINE PIM 00 80 01 11
c. Affidavit of nonreceipt by the a. Coverage Territory addressee and, if we request, also We cover property sent by any by the owner of the property; and approved method to and from d. If applicable, the receipt of any places in the United States of government postal service for the America (including all United States shipment; territories and possessions); however, we cover property sent to e. Original or copy of the freight bill covering the entire shipment; Puerto Rico, Canada, Australia, Austria, Belgium, Bermuda, China, f. Original or copy of the invoice(s) or Denmark, England, Finland, France, signed, detailed description of the Germany, Iceland, Italy, Japan, New covered property as per the Zealand, Northern Ireland, Norway, valuation clause; Scotland, Singapore, Sweden, g. Packing list, if covered property is Switzerland, and Wales solely by shipped with an invoice; Federal Express. h. Delivery receipts and any other b. Records available documents showing You will keep accurate records of all condition of covered property when shipments of Covered Property. You received. must record each shipment prior to 4. Loss Payment loss or damage. Paragraph 5. of Loss Condition E. Loss These records will consist of: Payment in the Commercial Inland (1) A description of the Covered Marine Conditions is replaced by the Property, its destination and the following: type of mail you used; and 5. We will pay for covered loss or (2) The value of the property damage within seven days after we contained in each shipping receive the sworn proof of loss, if package covered by this you have complied with all the terms coverage form; and. of this Coverage Part and: (3) Tracking number. a. We have reached agreement with you on the amount of the c. Reports And Premium loss; or (1) Reports b. An appraisal award has been Within 30 days after the end of made. each reporting period shown in the Declarations, you will report 5. Other Insurance to us the total values of all Loss Condition F. Other Insurance in property covered by this the Commercial Inland Marine coverage form sent during the Conditions is replaced by the following: preceding reporting period. This If there is any other insurance or report will list the values indemnity covering the same loss or separately for each kind of damage as the insurance under this property and type of shipment coverage form, we will pay only for the for which a rate is shown in the excess of the amount covered by any Declarations. other insurance or indemnity. We will (2) Rates And Premium pay the excess whether the other insurance or indemnity is collectible or (a) Premium Computation not. We will compute the premium for each reporting 6. The following conditions apply in addition to the Commercial Inland period using the rates Marine Conditions and the Common shown in the Declarations. Policy Conditions:
PIM 00 80 01 11 Includes copyrighted material of Insurance Services Office, Inc., Page 4 of 5 with its permission. The PMA Insurance Group, 2011
COMMERCIAL INLAND MARINE PIM 00 80 01 11
(b) Premium Adjustment (a) You will report promptly to us the total values of all (i) If an annual reporting period is shown in the property covered by this Declarations, we will coverage form sent up to apply the total the date and time of computed premium to cancellation. We will the Deposit Premium. If compute the premium as it is more than the provided above. Deposit Premium, you (b) You must pay a Minimum will pay us the Premium of at least 1/12th difference. If it is less of the minimum annual than the Deposit premium shown in the Premium, we will pay Declarations for each month you the difference. or part of a month that this coverage applies during the (ii) If any other reporting period is shown in the Policy Period. Declarations, we will d. Pair, Sets or Parts apply the computed General Condition G. Pair, Sets, or premium to the Deposit Parts in the Commercial Inland Premium until it is used Marine Conditions is replaced by the up. You will pay us all following: premiums that exceed the Deposit Premium. (1) Pair or Set We will make these In case of loss or damage to premium adjustments any part of a pair or set we may: for each reporting Repair or replace any part period. (a) to restore the pair or set to The due date for any its value before the loss or additional premium is the damage; or date shown as the due date Pay the difference between on the bill. (b) the value of the pair or set (3) If this coverage form is before and after the loss or cancelled: damage.
PIM 00 80 01 11 Includes copyrighted material of Insurance Services Office, Inc., Page 5 of 5 with its permission. The PMA Insurance Group, 2011