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Open Perils Coverage on Property Carried by Travelers

Summary: The personal effects floater, a standard inland marine form promulgated by Insurance Services Office (ISO), provides open perils coverage on personal effects usually carried by tourists and travelers. The coverage applies only to such property belonging to and used or worn by an insured (the named insured, spouse, and unmarried resident children) and only while the insured property is off the premises of the insured's domicile.

The ISO form is PM 00 20 12 02; the American Association of Insurance Services (AAIS) writes personal effects insurance subject to substantially the same provisions, using Form IM-177.)

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