SCHEDULING PERSONAL PROPERTY - Sandi Kruise Inc

1 SCHEDULING . PERSONAL . PROPERTY . Sandi Kruise Insurance Training 1-800-517-7500. 2003-2015 Sandi Kruise Insurance Training, Sandi Kruise Inc, All rights reserved. 1. TABLE OF CONTENTS. SCHEDULING PERSONAL PROPERTY .. 7. REASONS TO SCHEDULE .. 9. PURPOSE .. 9. WHEN TO W RITE THE PAF ..10. NEEDS MET BY INLAND MARINE FLOATERS ..10. Coverage for PROPERTY Limited by the Homeowners ..10. Coverage for PROPERTY Excluded by the Homeowners ..11. Coverage for PROPERTY With Valuation Problems ..12. PROPERTY Particularly Susceptible to Loss by Other Than the Named Perils.

2 12. High - Valued PROPERTY ..12. PERSONAL INLAND MARINE FLOATERS ..14. BACKGROUND ..14. FILED VS. NON-FILED FORMS ..14. CHARACTERISTICS OF INLAND MARINE TYPES OF PERSONAL INLAND MARINE FLOATERS ..15. SCHEDULED PERSONAL PROPERTY ENDORSEMENTS ..17. HO 04 60 10 00 ..17. NEWLY ACQUIRED PROPERTY ..18. NEWLY ACQUIRED PROPERTY OTHER THAN FINE ARTS ..18. PERILS INSURED AGAINST ..19. FINE ARTS ..21. STAMP & COIN COLLECTIONS ..21. TERRITORIAL LIMITS ..22. CONDITIONS ..23. Agreed Value Basis ..23. Pair, Set, or Parts Clause.

3 23. HO 04 61 10 00 ..24. Loss LOSS SETTLEMENT ..28. Fine Arts ..28. Postage Stamps or Rare and Current Coin Collections ..29. REPLACEMENT COST BASIS ..31. PAF BLANKET COVERAGE ..31. Blanket Stamp and Coin Blanket Cameras, Musical Instruments, and Fine Arts ..32. PERSONAL ARTICLES FLOATER POLICY ..33. LIMITS OF INSURANCE SCHEDULED PROPERTY ..33. PAF ELIGIBLE CLASSES OF PROPERTY ..33. PERSONAL INLAND MARINE DECLARATIONS PAGE ..34. SAMPLE PERSONAL INLAND MARINE DECLARATIONS ..34. 2003-2015 Sandi Kruise Insurance Training, Sandi Kruise Inc, All rights reserved.

4 2. INLAND MARINE FLOATER POLICY PROVISIONS ..35. AGREEMENT ..36. GENERAL CONDITIONS ..36. Conformity to State Law ..36. Concealment or Fraud ..37. Loss Settlement ..37. Loss to a Pair, Set or Loss Clause ..38. Appraisal ..38. Your Duties After Loss ..39. Examination Under Oath ..39. Loss Payment ..39. Suit Against Claims Against Others ..40. Insurance Not To Benefit Others ..40. Other Insurance ..40. Canceling the Policy ..41. Changes in Liberalization Clause ..41. GENERAL EXCLUSIONS ..41. LARGE SCHEDULE ENDORSEMENTS.

5 42. DETAILS BY CLASS OF PROPERTY ..43. PERSONAL JEWELRY AND FURS INSURANCE ..43. REASONS FOR SCHEDULING JEWELRY AND FURS ..43. EXCLUSIONS AND LIMITATIONS ..44. IMPORTANT CONDITIONS ..44. NEWLY ACQUIRED PROPERTY ..44. IN EVENT OF LOSS ..44. POLICY ASSIGNMENT ..45. ACTION AGAINST THE INSURER ..45. PAIR AND SET CLAUSE ..45. JEWELRY IN RENEWALS ..45. AGREED VALUE ..46. ELIGIBILITY ..46. FURS ..47. Coverage ..47. CAMERA INSURANCE ..48. EXCLUSIONS AND LIMITATIONS ..49. SPECIAL CLAUSES AND CONDITIONS ..50.

6 IN EVENT OF LOSS ..50. MUSICAL INSTRUMENTS INSURANCE ..51. Eligibility ..51. PURPOSE ..51. COVERAGE ..52. BROAD FORM ..52. Newly Acquired PROPERTY ..53. 2003-2015 Sandi Kruise Insurance Training, Sandi Kruise Inc, All rights reserved. 3. Broad Form Exclusions ..53. LIMITED Limited Form Exclusions ..54. DEFINITIONS ..54. Orchestras, bands and similar groups ..54. Covered Instrument ..55. IN EVENT OF SPECIAL COVERAGE OPTIONS ..55. Loss In Value ..55. Temperature Coverage ..55. Claims-free credits ..55.

7 Rental or Extra Expense Coverage ..55. REQUIRED INFORMATION ..55. Coverage ..56. SCHOOL OWNED INSTRUMENTS ..56. RATE AND PREMIUM ..57. Broad Form Policies ..57. Limited Form Policies ..57. NON-MOBILE ORGANS ..57. SPECIALTY COVERAGE EXCLUSIONS ..57. SILVERWARE INSURANCE ..58. NEED FOR COVERGE ..58. COVERAGE ..59. EXCLUSIONS AND LIMITATIONS ..59. PREMIUM ..60. GOLFER'S EQUIPMENT FLOATER ..60. Eligibility ..60. FINE ARTS INSURANCE ..61. NEED FOR SPECIALIZED INSURANCE ..61. ELIGIBILITY ..62. COVERAGE.

8 63. COVERAGE OPTIONS ..64. EXCLUSIONS AND LIMITATIONS ..64. IMPORTANT PROVISIONS ..65. NEWLY ACQUIRED PROPERTY ..66. BLANKET ITEMS ..66. DEFINITIONS ..66. IN EVENT OF RATE AND PREMIUM ..67. ART AS INVENTORY RECOMMENDED ..68. Limited Edition Oriental Rugs ..68. 2003-2015 Sandi Kruise Insurance Training, Sandi Kruise Inc, All rights reserved. 4. STAMP AND COIN COLLECTION INSURANCE ..69. TERMS ..69. COVERAGE ..70. Postage Stamps ..70. Rare and Current EXCLUSIONS AND LIMITATIONS ..71. SPECIAL CONDITIONS.

9 72. BLANKET COVERAGE ..73. REQUIRED OF INSURED ..73. OTHER PERSONAL INLAND MARINE FLOATERS ..75. PERSONAL EFFECTS FLOATER (PEF) ..75. NEED FOR PERSONAL EFFECTS COVERAGE ..75. PEF VALUATION ..76. PROPERTY COVERED ..77. PERILS INSURED AGAINST AND LIMITATIONS ..77. STANDARD ENDORSEMENTS ..79. PERSONAL PROPERTY FLOATER (PPF) ..81. Development of the PERSONAL PROPERTY Floater ..81. PPF COVERED PROPERTY ..82. Money and Securities ..84. Unscheduled Jewelry, Watches, PROPERTY Covered - Building Additions and Alterations.

10 85. Covered Perils ..85. PPF Exclusions ..86. Valuation ..88. When To Write the Scope of PERILS INSURED AGAINST AND EXCLUSIONS ..90. Additional Coverage ..90. Additional Living Deductibles ..90. Limit of Insurance ..90. Other Insurance ..91. Other Provisions ..91. When to Schedule ..91. INDIVIDUAL ARTICLE FLOATERS ..93. BICYCLE FLOATER ..94. INSURING AGREEMENT AND EXCLUSIONS ..94. CONDITIONS ..95. UNDERWRITING PERSONAL ARTICLES FLOATERS ..96. Eligibility And Information Requirements ..96. UNDERWRITING Acceptability.