CU 24 03

Waiver of Transfer of Rights of Recovery Against Others to Us

Edition in catalog: 04 13 · endorsement

What this number is

CU 24 03 (Waiver of Transfer of Rights of Recovery Against Others to Us) is an endorsement used on umbrella / excess policies. Edition 04/13 is the version in Coverbird’s reference catalog; your policy may list a different edition of the same number.

What it changes on a policy

CU 24 03 changes the insurer’s recovery rights against another party. Contracts that require a waiver of subrogation on umbrella / excess are asking for this kind of endorsement, not for a sentence on a certificate.

What it does not do

A waiver of subrogation does not make the other party an insured and does not move limits. A waiver on umbrella / excess does not automatically apply to other lines on the same account.

Where it shows up

On the forms-and-endorsements list that follows the umbrella / excess declarations. Search the PDF for “CU 24 03” if the schedule is dense.

What to look for

Form number CU 24 03 and edition 04 13 on the schedule
Umbrella / excess declarations sitting in front of this form
How the policy treats expected or intended injury
How the policy treats contractual liability
Neighboring endorsements on the same line, which often change the same coverage

Coverbird reads the declarations and form schedule on the PDF you already have. It does not sell insurance or say whether a limit is enough.

Upload a policy to find this on yours

Related glossary

Declarations page
The front pages that list who is insured, what is covered, the term, premium, and limits.
Waiver of subrogation
An endorsement that limits the insurer’s right to recover from another party after it pays a claim.