What is the Permitted Incidental Occupancies - Residence Premises HO 04 42 used for? - ANSWER- An other structure with an eligible incidental "business" exposure typically offices, schools, or studios.ÂÂ
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Rationale; The Limit of Liability & Description of Other Structure must be shown in the Schedule.ÂÂ
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Under a standard ISO Homeowners policy, what are the two Coverage C - Personal Property Special Limits of Liability that apply to property used primarily for business? - ANSWER- 1 - $2,500.00 for personal property used primarily for "business" while on the "residence premises."ÂÂ
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Rationale; 2 - $1,500.00 for personal property used primarily forÂÂ
"business" while away from the "residence premises"ÂÂ
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*The limitations do not apply to property used occasionally for "business."