Under the dwelling policy, how much personal property is covered away from the premises anywhere in the world?

Under a dwelling policy, personal property is typically covered for a specific percentage of the coverage amount for the dwelling when the property is located away from the premises. In this case, the correct answer indicates that 10% of the coverage amount for personal property is extended to apply worldwide, which includes the policyholder’s personal belongings no matter where they are.

This provision is designed to offer some level of protection for items that may be taken out of the home, reflecting the understanding that individuals often travel with personal belongings. The coverage is limited to this percentage to manage the insurer’s risk while still providing valuable support to policyholders in situations where personal property is lost or damaged outside their primary residence.

This 10% coverage is consistent with the standard practices in dwelling policies, reinforcing that individuals need to be aware of the limitations and scope of their personal property coverage, particularly when those items are not at the insured location.