What it does
PM 00 20 insures personal effects carried or worn while traveling, only while off the premises of the insured's domicile. "Your domicile" is defined, property in storage is excluded (except at points en route during travel), and certain PM 00 01 loss settlement provisions are replaced.
Who needs it
Frequent travelers, including business owners who carry valuable personal effects on trips.
Quoting and selling notes
- Business property and samples carried on sales trips need a commercial inland marine form.
- Homeowners off-premises coverage may already respond; compare limits before adding it.
How the personal inland marine program is assembled
Every ISO personal inland marine policy starts with PM 00 01 (Common Policy Provisions), which holds the general conditions, loss settlement framework and common exclusions, and adds one or more coverage forms: the personal articles forms PM 00 09 (standard loss settlement) or PM 00 10 (agreed value), class forms such as PM 00 11 (jewelry and furs), PM 00 14 (musical instruments), PM 00 17 (fine arts) and PM 00 18 (bicycles), the open-perils personal property form PM 00 19, or the personal effects floater PM 00 20 for property while traveling.
For business owners, remember that business, professional and commercially used property (a photographer's working cameras, a musician's instruments used for pay, a dealer's inventory) generally belongs on a commercial inland marine form rather than these personal forms.
Editions and availability
Current edition: 12 02.
