ISO New and Revised Multistate Umbrella and Excess Endorsements
An analysis of new and revised umbrella and excess endorsements to be effective 8/1/2021.
March 08, 2021 at 05:14 AM
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Summary: ISO is introducing new and revised endorsements available to the Commercial Liability Umbrella Program and the Commercial Liability Excess Program, with a proposed effective date of August 1, 2021. The changes will primarily address the Auto Dealers Program, public or livery auto risks and exposures, and cannabis risks and exposures. Other endorsement revisions are editorial in nature or to maintain consistency with the coverage form.
When an association policy is nonrenewed and the new policy is substantially more so that unit owners are assessed for the increase in premium, can they file a claim under their loss assessment coverage for the increase?