Autos
Autos are generally beyond the scope property insurance policies. Most auto insurance policies do not cover personal while transported in autos, but some provide a minimal amount of coverage for “personal effects”.
Non-owned Properties
Homeowners’ policies provide coverage for the personal property of others, such as guests or residence employees, while the property is in the insured’s home.
Commercial property policies generally extend a limited amount of coverage to the personal effects of officers, partners, and employees as well as to the personal property of others while it is in the care, custody, or control of the insured.
Moveable Property
Dwelling Personal Property insurance provides coverage on a worldwide basis to personal properties that does not remain at a fixed location.
Business personal property also includes personal property in the open (or in a vehicle) within 100 feet of the described premises.
Covered Causes of Loss
The various types of crime losses, such as burglary and robbery, are covered by crime insurance policies as well as by some package policies; special types of policies or endorsements can cover losses from earthquake and flood
Personal and commercial property insurance policies on buildings and personal property are available with three different degrees of coverage:
· Basic form coverage
· Broad form coverage
· Special form (open perils) coverage
Property Loss Exposures
