BP 17 02 Condominium Commercial Unit–Owners Coverage

An Insurance Services Office (ISO) standard form. It adapts the businessowners form for a condominium commercial unit-owner, covering business personal property including fixtures and improvements you own, excluding unit property the association must insure, and basing vacancy on your own unit.

1. 08 24 edition

   Aug 2024, compared with 07 13Latest edition

   • Business personal property is covered in the open or in a vehicle within 1,000 feet of the buildings or described premises, up from 100 feet.

     07 13

     “within 100 feet of the buildings or structures”

     08 24

     “within 1,000 feet of the buildings or structures”

   • For the vacancy condition, building means the unit or suite you own, which is vacant when it lacks enough business personal property for customary operations, replacing the separate tenant and building owner tests.

     07 13

     “Such building is vacant unless 31% or more of its total square footage is”

     08 24

     “building means the unit or suite owned by you”

2 other edition dates appear in one or two filings each, often carrier-specific versions: 01 10, 01 06.

Where filings record what this form replaced, they name earlier edition 07 13 and other forms VP 17 02. Only some filings record replacements.

• Edition in use: in the past 12 months, 5 companies filed the 07 13 edition and 1 company filed 08 24.
• BP 00 03 (Businessowners Coverage Form) is filed alongside it most often, in 91 of the same filings (100%).

Data from admitted P&C filings with state insurance departments, submitted Oct 2021 to Aug 2026, excluding withdrawn and rejected filings. One filing can cover several affiliated companies.

• Chubb Limited GroupUses BP 17 02 in 1 filing
• Tokio Marine Holdings Incorporated GroupUses BP 17 02 in 2 filings

• BP 00 03Businessowners Coverage Form91 filings
• BP 04 16Additional Insured – Lessor Of Leased Equipment90 filings
• BP 04 48Additional Insured – Designated Person Or Organization90 filings
• BP 04 02Additional Insured – Managers Or Lessors Of Premises89 filings
• BP 04 06Additional Insured – Controlling Interest89 filings
• BP 04 09Additional Insured – Mortgagee, Assignee Or Receiver89 filings
• BP 04 10Additional Insured – Owners Or Other Interests From Whom Land Has Been Leased89 filings
• BP 04 11Additional Insured – Co–Owner Of Insured Premises89 filings
• BP 17 03Condominium Commercial Unit–Owners Optional Coverages89 filings
• BP 14 05Additional Insured – Grantor Of Franchise88 filings