Vehicle Related Property Losses

2 claim coverage questions. AAIS Form 3, Ed. 2.0 for Homeowners.

1. Theft of 2 laptops from insured's car. One belonged to our insured, the other from an acquaintance who had lent him the laptop. Theft was away from premises. Is there coverage for the acquaintance's laptop?

2. Theft of 4 tires and rims from insured's premises. These tires were not mounted on the insured's vehicle. Coverage? If mounted on the vehicle, covered by auto policy?

Pennsylvania Subscriber

 

The acquaintance's laptop was in the care of the insured, and the loss was theft, a named peril. Therefore, the acquaintance's laptop is covered. Remember however that there is a limit of $1500 on electronic devices that can be operated from the electrical system of the vehicle or by another power source, so if the laptops could be plugged into the cigarette lighter or some such, the limit applies.

As far as the vehicle tires, had they been on the vehicle itself they'd be covered under the auto policy, not the homeowners policy. The exclusion for motorized vehicles includes their parts, equipment, and accessories while in or on a motorized vehicle. Since the tires were not on the vehicle, and could have belonged to a different vehicle, they can be considered personal property and covered for the theft loss.

 

 

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