...instances where the Form 1 may still be used), so forms must be carefully reviewed.
Note that the new language indicates that coverage will not apply if collapse is caused by decay or insect/vermin infestation that are known to the insured prior to the collapse._______________________________
Language was also added that specifically excluded loss to an awning, fence, patio, deck, pavement, swimming pool, underground pipe, flue, drain, cesspool, septic tank, foundation, retaining wall, bulkhead, pier, wharf or dock unless the loss is a direct result of the collapse of a building or any part of a building. New language also was added that excluded “settling, cracking, shrinkage, bulging, or expansion,” in the absence of an actual collapse.
Another insurance organization that drafts policy language for its member companies, as does...