Coverage C Limit for Property at Other Residences

 

I am looking for clarification on the ISO contract regarding the 10% of Coverage C limit for property at other residences. I have three scenarios: Scenario 1: Can you expand on the 10% limitation for property usually located at an “insureds” residence other than the “residence premises” in light of a dual residency situation. If an insured owns a condominium which is insured with an ISO HO-6 policy and also rents a home and splits time between both homes would the 10% limitation apply to the personal property in the rented dwelling? Or would there be no coverage for the personal property usually located in the rented dwelling?
Scenario 2: If a student is away at school and living in a dwelling that is owned by the parents (not the residence premises), does the 10% limitation still apply to the student's personal property usually kept there? Is there a distinction for Coverage between the student being in a dorm, a rented dwelling, or a dwelling owned by the parents for the student's use while at school?
Scenario 3: Are there any additional considerations that need to be taken into account for Coverage C limits for an insured who owns a time-share and spends a week or two a year at the time-share? Thank you for your assistance.

North Carolina Subscriber

In the dual residency situation, the insured really needs two policies for the separate dwellings. Otherwise, the 10% limitation does apply to contents left at the second dwelling, leaving the insured uncovered for most of the property there.

As far as the student goes, as long as the student is an insured, the 10% is going to apply wherever the student is living since he's not living at the residence premises. It applies regardless as to whether the student is in a dorm, apartment, or a dwelling owned by the parents; the student is not in the residence premises, and the parents should really have coverage on the other owned dwelling.

As far as timeshares the insured doesn't own the property, just the use of the property for a given length of time. I can't see someone moving furniture in for a week or two a year and then moving it out, and I can't see someone leaving it there. Any clothing, etc. the insured takes with him would be covered as property owned or used by an insured while anywhere in the world, and the 10% would not apply. The insured is not there on an extended basis, nor is the timeshare really a residence in the normal meaning of the term. It's more like a hotel room than a residence.

 

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