Subject: Re: Re: Re: Re: reimbursement for items stolen out of a car

Comments:
: kenny, read an HO3 policy once in your life. your pre-licensing course is inadequate for actual policy interpretation, at which you are useless. : The sublimit for property "used at any time or extent for business purposes" has been in the HO3 since the 4/84 edition. (Section I, Property Coverages, Covberage C, subparagraph 9 in the 4/91 edition) Transportation has nothing to do with it. "your personal property" is covered "while it is anywhere in the world". The denial may be based on a complete exclusion for business property or a misapplication of limit vs deductible. : You are wrong. I can prove it again. : I am not an insurance consultant and have never endeavored to begin such an enterprise. : : : : Ask them to send you the portion of the policy stating where the computer is NOT covered. Is it used for business purposes? If so, there may be a lower limit for coverage, usually $250.00. : : : If this is the case, they should pay the limit, even if your deductible is $500. The general rule is that the "deductible comes off the loss" - ie: $2,000 computer less $500 deductible = $1,500 loss. Subject to $250 limit, they pay the lower of the limit or the net loss. : : : The computer normally would be covered by homeowners insurance unless it is owned by his employer or "adapted for use from the vehicle power system". : : : : : : : My husbands lap top computer was inside of his car when it was stolen a few days ago. Our homeowners policy is through AllState and they said they would not cover the computer. Is this correct? ALso, when a car is stolen, how long does it take the insurance company to begin the paperwork for the replacement. Thanks for the help. : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx : : Keith, don't get your jock strap in a tightwad, but any items normally found in a home that are placed into a car for transportation are covered also. : : That's were he hangs his hat. He was moving his computer to a new location and the computer is normally at home. : : It doesn't make a difference if it is a temporary move or a permanent one, because the item was normally kept at his home. : : The only exception would be if in the last couple of years since I taught P&C insurance in Florida if coverage has been changed. : : There are also times that specified maximum loss amount figure is placed on computers. : : Once again, don't get your jock strap in a tightwad. I do recognize that all Adjusters are not perfect as was illustrated with the Business Interruption exhange when you added in the endorcement that was already assumed in my scenario to save face in your posting challenging my information. : : Listen Keith, people who view these messages boards don't know you anyway, so what is the big deal if you "boo-boo" once in a while. : : Afterall, it's not like you are attempting to build a insurance consultant business, are you? : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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