Homeowners InsuranceQuestion 125 of 158
Personal property usually located AWAY from the residence premises is covered under Coverage C at the greater of:
a.5% of Coverage C or $500
b.10% of Coverage C or $1,000
c.25% of Coverage A or $5,000
d.20% of Coverage C or $2,500
Explanation
The standard limit for personal property usually located away from the residence premises (such as items stored elsewhere or in a college dorm) is the greater of 10% of Coverage C or $1,000. This sublimit does not apply to personal property in a newly acquired principal residence for the first 30 days.
Law Reference: ISO HO form Coverage C off-premisesPractice all 158 questions free — no signup required.
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