What it does
Raises the small no-fault limit for damage the insured causes to others' property.
Who needs it
Insureds who borrow or handle others' property.
Quoting and selling notes
- Business property of others remains excluded.
- Useful for clients who borrow equipment from neighbors or friends.
Editions and availability
Editions in use and where they apply: 03 22 (41 jurisdictions); 02 17 (10 jurisdictions: AL, CA, CT, FL, GA, HI, LA, NC, TX, VI).
Section II changes affect umbrella placement. The ISO personal umbrella (DL 98 01) needs its own excess endorsements for business pursuits, home business, home day care and home-sharing exposures, so confirm the umbrella responds before relying on a homeowners endorsement for a business-type exposure.
