Insurance 101 – Chapter 4 – Volume 46 – The “Montrose” Exclusion

The “Montrose” Exclusion

The ISO endorsement, CG 00 57, addresses the issue of “loss-in-progress” without reference to known loss or known events or known liability. Instead, the endorsement imposes coverage restrictions with respect to known injury or damage. Under CGL forms issued before CG 00 57, the policy’s insuring agreement places two conditions on how and when covered bodily injury and property damage must occur. First, the injury or damage must be caused by an occurrence that takes place within the coverage territory. Second, the bodily injury or property damage itself must occur during the policy period.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.


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