Does Renters Insurance Cover Theft On Vacation?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Most renters’ policies provide for a percentage of your personal property to be covered away from your residence.  In most cases a limit of 10% of the personal property limit applies.  If you suffer a loss to your property while away from the residence that limit will apply and a claim will be adjusted subject to the deductible.  The property that you left behind will be covered whether you are home or not.
    Answered on May 5, 2014
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  2. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    It is always best to discuss the terms and conditions of your policy with your Insurance Professional, but you will find that your policy will more than likely include extended coverage for your personal belongings outside your home.  The coverage may be limited in a couple of ways, namely by capping the total amount to 10% of your stated personal property amount.  So if you have $50,000 of stated personal property on your policy, your coverage would be limited to $5,000.  Further, some policies include specific amounts or "inside limits" for certain categories of property.  Things like jewelry, fire arms, photographic equipment and the like may be limited to a maximum settlement amount.  Remember too that any loss settlement is subject to your policy deductible.
    Answered on May 6, 2014
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