I am handling an account in which the property coverage is being written on a blanket basis on commercial property form CP 00 10. This insured owns a building that he does not want to insure. Should the building be listed on the statement of values with a "0″ in the value column?

Connecticut Subscriber

All properties that are to be insured within a blanket should be listed on the statement of values with their respective values shown either on an actual cash value or replacement cost basis. If owned properties are not to be insured within the blanket, they should be listed with either "nil" or "0″ in the value column.

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