safe depository coverage
Commercial crime coverage plan 8 of the Insurance Services Office, Inc. (ISO),
portfolio. Provides coverage for any loss to property located in any safe or
box leased to a customer of the insured, other than a financial institution,
within the safe deposit vaults located within any of the insured's offices.
There are two optional coverage forms. Coverage form M (CR 00 14) applies only
to the extent the insured is legally liable. Coverage form N (CR 00 15) covers
loss of customers' property regardless of liability. Financial institutions
can obtain this coverage through the combined safe depository policy promulgated
by the Surety Association of America (SAA) (Form CSD-1).
Links for IRMI Online Subscribers Only:
CPI XII.D,
XII.L