In a border city a household’s belongings move more than most. A renters policy follows personal property away from home, and the detail of how far is worth knowing.
Personal property cover generally extends worldwide at a reduced limit. Crossing a border does not end it.
Three things about property that does not stay put.
Most renters policies cover personal property anywhere, commonly at a percentage of the contents limit. That extension applies in a vehicle, at work, on a trip and across a border. It is one of the most useful parts of the policy and almost nobody is told it exists.
Belongings taken from a car are covered by the renters policy rather than the auto policy, subject to the deductible. Where things are regularly carried in a vehicle, that deductible is worth choosing with the realistic loss in mind.
The cover may extend and the practicalities do not. Police reports, documentation and valuation are all more difficult when a loss happens in another country. Keeping records and reporting promptly matters more, not less.
Cover that travels with the household.
Stated in the policy and usually smaller than assumed.
That is where off-premises claims actually come from.
Most of these claims are modest.
Tell us what regularly leaves the house with you and what it is worth.
