Coverage description
An American Association of Insurance Services (AAIS) standard form. It changes the valuation of covered contractors' equipment from actual cash value to replacement cost, paid once the equipment is repaired or replaced.
How the form has changed
2 changes across 1 revision, newest first. Each edition is compared with the one before it, using wording from filed copies.
01 25 edition
Jan 2025, compared with 01 07Latest editionPayment is now capped at the least of the limit, the cost to replace with like kind and quality, or the amount actually spent.
01 07
Not in this edition
01 25
“the "limit" that applies to the lost”
Increased costs to comply with codes, ordinances or laws are not included in the replacement cost.
01 07
Not in this edition
01 25
“does not include the increased”
Editions
Edition dates as filed, newest first. Filing counts include every state submission that lists the edition.
| Edition | Filings | Companies | States | Filed |
|---|---|---|---|---|
| 01 25Jan 2025Latest | 50 | 15 | 36 | May 2025 to Sep 2026 |
| 01 07Jan 2007 | 3 | 5 | 1 | Jan 2022 to Jul 2024 |
| 04 04Apr 2004 | 40 | 27 | 22 | Apr 2022 to Jun 2025 |
| 07 99Jul 1999 | 18 | 4 | 10 | Feb 2023 to May 2024 |
1 other edition date appears in one or two filings each, often carrier-specific versions: 01 10.
What the filings show
- Edition in use: in the past 12 months, 10 companies filed the 01 25 edition.
- IM 70 00 (Contractors' Equipment Coverage -- Broad - Scheduled Equipment Form) is filed alongside it most often, in 101 of the same filings (90%).
Filed under
Data from admitted P&C filings with state insurance departments, submitted Oct 2021 to Sep 2026, excluding withdrawn and rejected filings. One filing can cover several affiliated companies.
Carriers filing this form
The 10 carrier groups with the most filings that include IM 7020, out of 25 in total.
| Carrier | Filings | States | Editions, most filed first | Last filed |
|---|---|---|---|---|
| American Association of Insurance ServicesAdvisory Organization | 54 | 38 | 01 2504 0401 10 | Oct 24, 2025 |
| Hannover GroupHDI Global Insurance Company | 9 | 9 | 07 99 | May 15, 2024 |
| Markel Corporation Group2 group companies filed it, led by State National Insurance Company, Inc. and Alterra America Insurance Company | 8 | 7 | 07 99 | Oct 5, 2023 |
| Hastings Mutual Insurance Company | 6 | 5 | 04 04 | Mar 13, 2025 |
| THE Hanover Insurance Group2 group companies filed it, led by Allmerica Financial Benefit Insurance Company and NOVA Casualty Company | 4 | 3 | 01 2504 04 | May 11, 2026 |
| Tokio Marine Holdings Incorporated Group3 group companies filed it, led by Tokio Marine America Insurance Company and TNUS Insurance Company | 4 | 4 | 01 25 | Nov 3, 2025 |
| American International Group3 group companies filed it, led by Granite State Insurance Company and Illinois National Insurance Co. | 3 | 2 | 04 04 | Jun 23, 2022 |
| IFG Company GroupFirst Financial Insurance Company | 3 | 2 | 01 2504 04 | Mar 17, 2026 |
| Munich RE GroupAmerican Alternative Insurance Corporation | 3 | 2 | 04 0401 25 | Sep 3, 2026 |
| Sentry Insurance GroupPoint Specialty Insurance Company | 2 | 2 | 01 2504 04 | Mar 25, 2026 |
How the largest insurers handle IM 7020
Groups among the largest commercial inland marine insurers that filed IM 7020 or their own version in the past five years.
- Liberty Mutual GroupFiles its own version: AAIS IM7020 Replacement Cost Endorsement (1 state)
- Zurich Insurance GroupUses IM 7020 in 1 filing
See more forms
Search related forms, compare editions, and research carrier filings with FilingFocus.
States
Number of filings that include IM 7020 in each state, Oct 2021 to Sep 2026. Darker states have more filings.
Often filed with
Standard-style form numbers that appear in the same filings most often.
- IM 70 00Contractors' Equipment Coverage -- Broad - Scheduled Equipment Form101 filings
- IM 70 03Contractors' Equipment Coverage - Tool Floater100 filings
- IM 70 08Schedule of Coverages - Contractors' Equipment - Tool Floater99 filings
- IM 70 13Equipment Leased or Rented to Others Endorsement99 filings
- IM 70 30Equipment Schedule - Contractors' Equipment98 filings
- IM 70 01Contractors’ Equipment Coverage -- Limited - Scheduled Equipment Form97 filings
- IM 70 02Contractors' Equipment Coverage - Blanket Equipment Form97 filings
- IM 70 05Schedule of Coverages - Contractors’ Equipment97 filings
- IM 70 17Weight of Load Exclusion97 filings
- IM 70 26Agreed Amount Endorsement97 filings
Recent filings
Latest filings that include this form number. Filed copies open in FilingFocus.
| Submitted | Company | State | Editions | Tracking number |
|---|---|---|---|---|
| Sep 3, 2026 | American Alternative Insurance Corporation | CA | 01 25 | PERR-135071228 |
| May 11, 2026 | Allmerica Financial Benefit Insurance Company | CA | 01 25 | HNVR-G134943157 |
| May 11, 2026 | Allmerica Financial Benefit Insurance Company | NM | 01 25 | HNVR-G134944261 |
| May 8, 2026 | Allmerica Financial Benefit Insurance Company | IL | 01 25 | HNVR-G134941901 |
| Mar 25, 2026 | Point Specialty Insurance Company | CA | 01 25 | SEPX-134881081 |
| Mar 25, 2026 | Old Guard Insurance Companyand 4 more | IL | 01 25 | WSFG-G134887192 |
| Mar 17, 2026 | First Financial Insurance Company | CA | 01 25 | ALAM-134820948 |
| Nov 3, 2025 | Tokio Marine America Insurance Company | SC | 01 25 | TMGM-134726326 |
| Oct 24, 2025 | American Association of Insurance Services | NJ | 01 25 | AMAX-134715966 |
| Oct 16, 2025 | American Association of Insurance Services | MA | 01 25 | AMAX-134707003 |
| Oct 15, 2025 | Arch Insurance Company | NM | 01 25 | AICO-G134705898 |
| Oct 9, 2025 | Incline Casualty Company | IL | 01 25 | MRTN-134696969 |
Most filed AAIS IM forms
- IM 7871 Exclusions Cyber Losses
- IM 7000 Contractors' Equipment Coverage
- IM 7030 Equipment Schedule - Contractors' Equipment
- IM 7003 Contractors' Equipment Coverage - Small Tools Floater
- IM 7026 Agreed Amount Endorsement
- IM 7013 Equipment Leased or Rented To Others Endorsement
- IM 7014 Rental Reimbursement Endorsement
- IM 7005 Schedule Of Coverages - Contractors' Equipment
- IM 7008 Schedule Of Coverages - Contractors' Equipment - Small Tools Floater
- IM 7018 Percentage Deductible Endorsement
- IM 7022 Property Loaned To Others - Scheduled Contractors
- IM 7023 Property Loaned To Others - Jobsite Coverage
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