Cope Insurance Form

Construction e g frame masonry masonry veneer superior construction mixed masonry frame.

Cope insurance form. Suite 1500 700 university avenue toronto ontario m5g 0a1 tel. Clients requesting cope data elements when conducting insurance valuations of buildings and their contents. Without cope data underwriters may need to assume the worst which could lead to higher insurance premiums for organizations. More recently we also have been providing secondary windstorm data elements for certain clients.

In some instances we conduct non value. An acronym that stands for the four property risk characteristics an underwriter reviews when evaluating a submission for property insurance. Cope stands for construction occupancy protection exposure. These are the main areas that an insurance underwriter must evaluate when writing an insurance policy for a property.

Cope is a term that is used for commercial property insurance to explain the aspects of the a building that are key to determining commercial property insurance rates. Cope stands for the following. In addition many insurers have developed their own cop forms and rules. For easy reference the guide has been divided into multiple sections as listed below.

Construction the c stands for construction and specifically is referring to the materials used to construct the building. Occupancy how the building is being used for commercial property and whether it is owner occupant or renter occupied for homeowners and the number of families for which the building is designed. The cop is the successor to the manufacturers output policy mop which was originally developed in the mid 1950s to insure in a single policy stock during the manufacturing process as well as in transit. 416 941 5221 toll free tel.

The american association of insurance services aais offers standard cop forms and rules for use by its member insurers. Insurance agent and agency services 200 east gaines street tallahassee fl 32399 0318.