Insurance: Insurance
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| VIII. Conclusion.
Insurance provisions contained in documents require careful drafting and a careful analysis of the ever changing techniques used by insurance companies. An important source of information is the Insurance Service Organization located in New York. The ISO is a non-profit organization which specializes in the drafting of insurance forms. ISO forms are available to landlords counsel for review and will contain the most current updates of types and kinds of insurance coverage. The forms frequently include interpretive comments, which will permit landlords counsel to understand the insurance requirements. It is impossible to say what the effect of September 11, 2001, will bring on the insurance industry. This is a book that continues to be written with the remaining chapters to unfold based on economic conditions, potential acts of future terrorism, and future acts by the government. It goes without saying that the review by insurance professionals of loan documents is important, if not required. However, this does not replace the careful analysis by the landlord and their counsel, of their documents, the policies, the certificates, and of the underlying documents in order to make sure that the insurance requirements make sense in the context of each particular transaction. ACORD TM EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MM/DD/YYYY) THIS IS EVIDENCE THAT INSURANCE AS IDENTIFIED BELOW HAS BEEN ISSUED, IS IN FORCE, AND CONVEYS ALL THE RIGHTS AND PRIVILEGES AFFORDED UNDER THE POLICY.
PROPERTY INFORMATION (Use additional sheets If more space Is required) LOCATION/DESCRIPTION COVERAGE INFORMATION CAUSE OF LOSS FORM BASIC SPECIAL OTHER
REMARKS - Including Special Conditions (Use additional sheets If more space is required) CANCELLATION THE POLICY IS SUBJECT TO THE PREMIUMS, FORMS. AND RULES IN EFFECT FOR EACH POLICY PERIOD. SHOULD THE POLICY BE TERMINATED, THE COMPANY WILL GIVE THE ADDITIONAL INTEREST IDENTIFIED BELOW DAYS WRITTEN NOTICE, AND WILL SEND NOTIFICATION OF ANY CHANGES TO THE POLICY THAT WOULD AFFECT THAT INTEREST. IN ACCORDANCE WITH THE POLICY PROVISIONS OR AS REQUIRED BY LAW. ADDITIONAL INTEREST
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