Personal belongings that you carry with you when going on vacation are still protected by their homeowner's insurance or renters, even if you are with them outside the main residence. Things are covered against damage that is on your policy as fire, lightning, vandalism, theft, explosion, storm or damage caused by water from ruptured pipes (while not a flood) no matter where in the world is, and you can make a claim to recover the value of these minus the policy deductible.
Now when the belongings are out of the main residence, the amount of coverage is limited to the equivalent of 10% of the total amount of coverage you have for their belongings. For example, if your insurance policy homeowners (or renters) gives you maximum coverage for personal belongings of $ 100,000, the maximum applicable to their belongings outside your home is $ 10,000, minus the deductible.
This coverage not only recognizes you if your things are damaged, even if these are stolen either from the house he rented for vacation, car or use on holiday, is this your own car or a rented one.
There are other considerations that you should consider. Jewelry, sports equipment, and musical equipment usually have limited value under its insurance policy owner or tenant so it is advisable to consider additional coverage, which is also called an endorsement, or annex ( floater ) to the policy, so that these objects greater value, are adequately covered. In addition, an appendix covers you for loss other circumstances, for example, by "mysterious disappearance", that is, if you lose the object, also in those circumstances will be covered. Moreover, the additional coverage endorsement not only will serve you while you are on vacation, it will also serve you when you are in your regular residence.
If you are considering purchasing a renters policy or are reviewing your homeowner's insurance policy, you should know that there are two types of coverage you can purchase. Coverage is known as current or actual value (in English is Actual Cash Value ) that compensates for the loss of one of their possessions to the limit of the policy, less accumulated depreciation (use) of that object. The other way to protect your belongings with replacement cost coverage ( Replacement Cost ), which will pay to replace the damaged object, without deducting depreciation, up to the maximum policy limit.
Here are three tips from III to consider before going on holiday:
Call your insurance trust. Ask how it applies to your particular insurance policy you rent a home for the holidays and if you will need additional insurance. If you have questions, timing them it is before you go on vacation or filed a claim.
Create a "holiday inventory" . The free tool III Know Your Stuff � - Inventory for Housing will help make this an easy and portable way. You can use the cell phone application or computer program to enter all the data of your things. You have the opportunity to save photos and scanned copies of documents with either of the two ways (automatically synchronized) and will be safely stored and accessible only to you (with a key that only you know) at any time and from where you decide. Be sure to specify those items that are particularly expensive, as computer equipment, cameras, music or sports equipment, etc., and record their replacement value or purchase.
Properly store your valuable jewelry; carry avoid holiday . Unless you have intentions to use your jewelry during the holidays, are best left for safekeeping in a bank safe deposit box or another safe place. Also, if your jewels are guarded daily in a safe, ask if your insurer has the form known as "coverage vault" ( "in vault" coverage) , which recognizes that her jewels are undercover and can mean better insurance premium. If you only use your jewelry on special occasions, many insurers jointly offer additional coverage for as long as these jewels are outside the vault, you only have to notify the insurer when you will use.
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