Learn More About Unscheduled Personal Property Benefits

Question:  What perils / exposure / liabilities does this unscheduled personal property cover?

Answer:  We insure the property described in the declarations for all perils of loss or damage to the Insured property except as hereinafter provided under the “special limits” shown below.

SPECIAL LIMITS

The Company’s liability for loss of the following types of property is limited to:

1. $100 in the aggregate on cash, currency, money, bullion, numismatic property and bank notes;
2. $250 in the aggregate on manuscripts, securities, accounts, bills, deeds, evidences of debt, letters of credit, notes other than bank notes, passports, railroad and other tickets or stamps including philatelic property;
3. $2,500 in the aggregate for jewelry, watches, furs, fine arts, silver, musical instruments, oriental rugs, stamp and coin collection, golfers equipment, cameras and mobile computer hardware; and as respects money only losses, the deductible will not apply.

Question:  What does this unscheduled personal property policy not insure?

Answer:

1. Transit coverage as specified in this policy, unless such coverage is indicated on the declarations page of this policy
2. Shipments by mail unless sent by insured registered mail or insured commercial delivery service.
3. Against loss or damage by delay, inherent defects in the property, insects, vermin or improper or insufficient packing or addressing.
4. Against loss or damage caused by strikes, locked-out workmen or persons taking part in labor disturbances, or riots or civil commotions.
5. Against loss or damage caused by or resulting from:
   1. hostile or warlike action in time of peace or war, including action in hindering, combating or defending against an actual, impending or expected attack,
      1. by any government or sovereign power (de jure or de facto), or by any authority maintaining or using military, naval, or air forces; or
      2. by military, naval, or air forces; or
      3. by an agency of any such government, power, authority, or forces;
   2. any weapon employing atomic fission, nuclear or radioactive force, radioactive contamination or any weapon of mass destruction whether in time of peace or war;
   3. insurrection, rebellion, seizure, revolution, civil war, usurped power, any act(s) of terrorism, whether by a recognized state or government, or any group or individual; action taken by governmental authority in hindering, combating, or defending against such an occurrence; seizure or destruction under quarantine or customs regulations; confiscation by order of any government or public authority; risks of contraband or illegal transportation or trade; or evacuation for any cause initiated or recommended by government authority.
6. Wear and tear, marring, deterioration.
7. Mechanical breakdown, latent defect, inherent vice, or any quality in property that causes it to damage or destroy itself.
8. Smog, rust or other corrosion, or dry rot.
9. Discharge, dispersal, seepage, migration, release or escape of pollutants.
   1. Pollutants means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed.
10. Water Damage. 
    Water Damage means:
    1. Flood, surface water, waves, tidal action, overflow or a body of water, or spray from any of these, whether or not driven by wind caused by or resulting from human or animal forces or any act of nature.
    2. Direct loss by fire, explosion or theft resulting from the water damage is covered.
11. Intentional Loss
    1. Intentional Loss means any loss arising out of any act an insured commits or conspires to commit with the intent to cause a loss. In the event of such loss, no insured is entitled to coverage, even insureds/policyholder who did not commit or conspire to commit the act causing the loss.