Even if the equipment was not used for profit, only 10 percent of the limit for Coverage C, or $1,000, whichever is greater, is provided for property usually located at an insured’s residence other than the residence premises described in the policy’s dec

Posted 9/1/21

Losses to personal property are typically settled at the lesser of (1) actual cash value (ACV) at the time of the loss or (2) the amount required to repair or replace the item. Musical equipment …

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Even if the equipment was not used for profit, only 10 percent of the limit for Coverage C, or $1,000, whichever is greater, is provided for property usually located at an insured’s residence other than the residence premises described in the policy’s dec

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