Question

Under a dwelling policy, personal property away from the premises is covered under what percent?

1) 10
2) 20
3) 15
4) none

Answer 1

Personal property away from the premises is typically covered up to 10% of the Coverage C limit of a dwelling policy. So if a policy covers $100,000 for personal property on the premises, it would protect up to $10,000 away from the premises.

Step-by-step explanation:

Under a dwelling policy, personal property away from the premises is typically covered for up to 10% of the Coverage C limit(pertaining to personal property) of your dwelling policy. This means if your policy covers personal property for a certain amount while it's within the boundaries of your property, it would cover up to 10% of that amount for personal property while it is temporarily away from your premises. For example, if you have a policy with a $100,000 limit for personal property, it would cover up to $10,000 for personal property damages or losses that occur off-site.