If an insured buys a new home and moves contents from their current home to the new home and contents are damaged in the move, is the claim covered under the current homeowner policy or the policy purchased for the new home? Both policies are in force at the time of the move.

New York Subscriber

The standard HO 03 states that when property is being moved to a newly acquired principal residence, that the property is covered for 30 days from the time the insured begins to move the property. This is to allow the insured to get everything moved to the new residence. However your insured has another policy in force at the new property already – so personal property is covered anywhere in the world, which would include the old dwelling. However, there is a limit of $1,500 or 10% of coverage C for property usually located at an "insureds" residence, other than a "residence premises" which the new property isn't quite yet until the insured is living there. Remember "residence premises" is the one-family dwelling where you reside and is shown in the declarations.