South Carolina Personal Lines Practice Exam

Which endorsement provides coverage for personal property when it is away from the insured location?

1. Off Premises Broad Theft Endorsement

2. Water Backup and Sump Pump Overflow Endorsement

3. Dwellings Under Construction Endorsement

4. Sinkhole Collapse Endorsement

The correct answer is: Off Premises Broad Theft Endorsement

The endorsement that provides coverage for personal property when it is away from the insured location is the Off Premises Broad Theft Endorsement. This coverage is essential for individuals who frequently take belongings away from their home, such as while traveling or engaging in activities outside their primary residence. It extends theft protection to personal property that is not just confined to the home, thus offering a broader scope of coverage for personal items. The other options do not focus on personal property while away from the insured location. The Water Backup and Sump Pump Overflow Endorsement primarily addresses water damage issues that arise from sewer backups or sump pump failures, but does not extend to theft coverage. The Dwellings Under Construction Endorsement is designed for properties that are being built or renovated, providing coverage for the structure but not for personal belongings outside the home. Lastly, the Sinkhole Collapse Endorsement relates specifically to damage caused by sinkholes, which is not connected to personal property theft at any location. This highlights the unique purpose of the Off Premises Broad Theft Endorsement.