Special personal property coverage is an endorsement that flips Coverage C of a Nevada homeowners or renters policy from a printed list of 16 named perils to open perils. An endorsement is an add-on you choose to attach to a policy. Your belongings are then covered for direct physical loss unless the policy excludes it.
On one illustrative Las Vegas monsoon loss below, that single change is worth $11,700.
On a standard Insurance Services Office HO-3 the house is already written that way and your belongings are not. Coverage C instead lists 16 perils. A loss that is not on the list is not a loss the policy pays. Your contents limit does not change that.
The endorsement closes that mismatch. It does not close the sub-limits. On the standard Insurance Services Office form, money stays capped at $200. Theft of jewelry, watches and furs is capped at $1,500. Both hold whichever basis you are on.
Those caps live in a part of the policy the perils basis never touches.
Two Las Vegas details make this less academic than it sounds. A peril is one of the listed causes of loss (the policy names each one).
The named wind and hail peril excludes rain, sand and dust that gets inside without wind first opening the roof or a wall. The named electrical peril excludes the circuitry inside computers and home entertainment units. Those are the two things this valley does to belongings.
Key takeaways
- An HO-3 protects your house and your stuff differently. The Insurance Services Office HO 00 03 Special Form says it insures Coverages A and B against "risk of direct physical loss." For Coverage C it says it insures against loss "caused by any of the following perils" and then prints 16 of them.
- The endorsement has a name and a form number. Insurance Services Office publishes Special Personal Property Coverage as form HO 00 15 for use with the HO 00 03, and as form HO 05 24 for use with the HO 00 04 tenants form. The HO 00 05 Comprehensive Form builds the same result in from the start.
- Sub-limits survive it. $200 on money. $1,500 for loss by theft of jewelry, watches and furs. $2,500 for loss by theft of firearms. $2,500 for loss by theft of silverware. Open perils does not raise any of those. Scheduling does.
- The label test fails for most Nevada policyholders. The Nevada Division of Insurance publishes the forms used by the ten largest home insurance groups in this state. Only two of the ten list an Insurance Services Office Comprehensive Form. Your declarations page is the summary page at the front of the policy listing limits and forms. Most groups file under a company form number, so "look for HO-5 there" does not work in Nevada. The real test: open the personal property section of your policy. If it lists specific numbered causes of loss, you are on named perils. If it says "risk of direct physical loss," you already have open perils.
- Perils basis and valuation basis are different elections. Open perils decides whether a cause of loss is covered. Replacement cost (what it costs to buy the item new today) decides how much gets paid once it is. Fixing one does nothing for the other, and they are printed on separate lines.
In short
If your contents matter more than the average, the question worth asking your agent is not how big your Coverage C limit is. It is what has to happen to your belongings before that limit is allowed to pay.
On a named perils form the answer is a printed list of 16 events. On special form the answer is anything that is not excluded.
What the endorsement will not do is raise the caps on jewelry, cash, firearms or business equipment. It will not turn actual cash value (replacement cost minus wear and age) into replacement cost either. Read those three lines separately, because the fix for each one is different.
What is special personal property coverage?
Special personal property coverage is an endorsement that rewrites Coverage C. It insures your belongings against direct physical loss unless the policy excludes it, rather than against a printed list of causes. Insurers and agents call the result open perils, all risk, or special form. They all mean the same structural thing: the burden moves.
On a named perils form, you have to land your loss on the list before the policy engages. On an open perils form the burden flips.
The carrier is the insurance company that pays the claim. An exclusion is a specific cause the policy rules out. The carrier has to land your loss on an exclusion before it can decline.
That is the whole mechanism, and it is why the endorsement is worth understanding even though it costs very little.
Insurance Services Office is the organization whose standard forms most of the industry either uses or writes against. It publishes this as Special Personal Property Coverage.
The Wolters Kluwer Forms Reference Guide index of homeowners forms lists it twice. Form HO 00 15, edition 04 91, is written for use with the HO 00 03 Special Form. Form HO 05 24, edition 03 22, is written for use with the HO 00 04 tenants form. Nevada appears in the state list attached to the HO 05 24 entry.
Carriers that do not use the Insurance Services Office library file their own equivalents under their own numbers, which is why the form number on your policy may look nothing like either of these.
One thing it is not is a valuation upgrade. Whether your belongings settle at replacement cost or at depreciated actual cash value is a separate election. It is printed on a separate line.
The same confusion shows up in the dwelling limit, which is why setting a dwelling limit off replacement cost rather than market value is its own conversation.
Which perils does a named perils policy actually list?
Named perils Coverage C lists sixteen, and that list has not changed much in a generation. The Insurance Services Office HO 00 03 Special Form, edition 10 00, names these sixteen in Section I:
- Fire or lightning
- Windstorm or hail
- Explosion
- Riot or civil commotion
- Aircraft
- Vehicles
- Smoke
- Vandalism or malicious mischief
- Theft
- Falling objects
- Weight of ice, snow or sleet
- Accidental discharge or overflow of water or steam
- Sudden and accidental tearing apart, cracking, burning or bulging
- Freezing
- Sudden and accidental damage from artificially generated electrical current
- Volcanic eruption
Read that list as a homeowner and the gaps are obvious once you see them. There is no peril called dropped it. There is no peril called the movers crushed it. There is no peril called spilled a drink on the laptop. There is no peril called the dog chewed the hearing aids.
Those are ordinary ways that belongings are destroyed, and on a named perils Coverage C they produce no claim at all.
The same form covers the house itself in a single sentence. The "we" there is the insurer speaking in its own policy language: "We insure against risk of direct physical loss to property described in Coverages A and B." The asymmetry is deliberate and it is priced. It is also the reason the endorsement exists.
What is the difference between HO-5 and an HO-3 with the endorsement?
Special personal property coverage and an HO-5 reach the same place by different routes. An HO-5 is a whole policy form written on an open perils basis from page one. An HO-3 with special personal property coverage is a named perils contents form with that basis endorsed on afterward.
For most claims the practical outcome on your belongings is the same. The differences show up before the claim.
Eligibility is the first one. Underwriting is the carrier's own review and approval process. A carrier decides which houses it will write on its broadest form. Roof age, claim history and construction type all feed that decision.
A home that does not qualify for the comprehensive form can often still get the endorsement on the standard one.
The second difference is quieter. An endorsement can be removed at renewal more easily than a policy form can be changed. Confirm each year that it is still listed on your declarations page rather than assuming it is.
| Question | HO-3 as written | HO-3 plus special form | HO-5 Comprehensive |
|---|---|---|---|
| Dwelling basis | Open perils | Open perils | Open perils |
| Belongings basis | 16 named perils | Open perils | Open perils |
| Form on your papers | Base form only | Base form plus an endorsement line | A different base form |
| Can be dropped at renewal | Not applicable | Yes, by removing the endorsement | Only by rewriting the policy |
| Jewelry theft cap | $1,500 | $1,500 | $1,500 |
| Typical availability | Broadest eligibility | Middle | Strictest eligibility |
Notice the jewelry row. It reads the same in all three columns on purpose, and that is the point of the next section.
What does open perils change on a Las Vegas claim?
Open perils Coverage C changes the answer on the losses this valley actually produces. It changes nothing on the ones people expect it to help with most. Two clauses in the named perils list do most of the work here. Both are worth reading in the form's own words.
The first is inside the windstorm peril. The Insurance Services Office HO 00 03 Special Form says of it:
This peril does not include loss to the property contained in a building caused by rain, snow, sleet, sand or dust unless the direct force of wind or hail damages the building causing an opening in a roof or wall and the rain, snow, sleet, sand or dust enters through this opening.
Insurance Services Office, Homeowners 3 Special Form HO 00 03 10 00, Section I Perils Insured Against, Coverage C, peril 2. Source: https://www.iii.org/sites/default/files/docs/pdf/HO3_sample.pdf
Read that against an August monsoon cell. Water gets into a Las Vegas house in ordinary ways. It comes in around an aging window seal. It comes up through a saturated slab. It comes through a roof whose underlayment simply failed rather than being torn open by wind.
None of those routes appears to satisfy that condition as the clause is worded.
The same reading applies to the fine grit that a haboob drives into a house through vents and door gaps. Blown sand and dust are named in that carve-out themselves. That is unusual, and it tells you the form was written with places like this in mind.
This describes how the named perils clause reads, not how any specific claim would be decided. Whether a particular loss is covered always depends on the exact policy issued, the facts the carrier finds, and its determination under the policy.
On an open perils Coverage C those same losses would not have to clear that named perils test. They would only have to avoid the endorsement's own exclusions, which on its face is a shorter list to clear.
The second is the electrical peril. It exists on the named list, but the form takes most of the value back out. In its own words, it excludes loss to "tubes, transistors, electronic components or circuitry" inside appliances, computers, and home entertainment units.
So a surge that kills the board inside a television falls outside the named list, and summer grid stress and monsoon lightning are both routine here.
Now the honest half. Theft is peril number nine, and it is on the named list already. Take a laptop stolen from a car in a Strip parking garage. That is a covered Coverage C loss on a plain HO-3, subject to your deductible.
Fire is peril number one. Vandalism is peril number eight. Special form does not improve any of those. An agent who sells it to you on a theft story is selling you something you already own.
| What happened | Named perils Coverage C | Open perils Coverage C |
|---|---|---|
| Monsoon water enters around a failed window seal and soaks a rug and a sofa | Outside the list. Wind did not open a roof or wall. | Covered unless an exclusion applies |
| Blown dust from a haboob works into a piano and a home theater | Outside the list. Sand and dust are named in the carve-out. | Covered unless an exclusion applies |
| A power surge destroys the board inside a television | Outside the list. The electrical peril excludes circuitry in home entertainment units. | Covered unless an exclusion applies |
| Movers drop a marble side table on moving day | Outside the list. There is no impact or handling peril. | Covered unless an exclusion applies |
| A laptop is stolen from a car in a parking garage | Covered. Theft is peril 9. | Covered. Same answer. |
| A kitchen fire destroys cabinets and small appliances | Covered. Fire is peril 1. | Covered. Same answer. |
Which limits survive even on special form?
Every sub-limit survives special personal property coverage. Those caps are written into the property section of the policy rather than the perils section. This is the most expensive misunderstanding in the whole subject. The Nevada Division of Insurance warns about the shape of it in its own consumer guidance:
Sometimes a policy may provide coverage of a risk in one section only to later exclude or limit it under certain conditions.
Nevada Division of Insurance, How to Read Your Policy. Source: https://doi.nv.gov/Consumers/Homeowners-Insurance/Read-Your-Policy/
Here are the figures as they are printed in the Insurance Services Office HO 00 03 Special Form. Changing your perils basis moves none of them.
- $200 on money, bank notes, bullion, coins, medals, scrip, stored value cards and smart cards.
- $1,500 for loss by theft of jewelry, watches, furs, precious and semiprecious stones.
- $2,500 for loss by theft of firearms and related equipment.
- $2,500 for loss by theft of silverware, goldware, platinumware and pewterware, including flatware, hollowware and trophies.
- $2,500 on property on the residence premises used primarily for business, and $500 on business property away from it.
- $1,500 on electronic apparatus and accessories while in or upon a motor vehicle, where the apparatus is equipped to run off the vehicle's electrical system.
- $1,500 on securities, deeds, manuscripts, personal records, passports, tickets and stamps, regardless of the medium they exist on.
The instrument that lifts these is not the endorsement. It is a schedule. A schedule insures a named item for an agreed amount after an appraisal. The Nevada guide to scheduling individual valuables covers how that works.
A household with a $9,000 ring and no schedule is exposed for $7,500 of it on a theft claim. That is true whether the policy is HO-3, HO-3 with special form, or HO-5.
The business figures deserve a second look. In this valley a large share of households run something from a spare bedroom. A $2,500 cap on business property at home does not go far against a two camera video setup or a stocked reselling inventory. And $500 away from home is smaller still.
Las Vegas and Henderson homeowners: have your Coverage C basis read before your next renewal
Page reviewed September 9, 2026. Bring the declarations page and the endorsement schedule attached to it. Get the coverage picture explained in plain English. Are your belongings written on a named perils or an open perils basis? Do they settle at replacement cost or actual cash value? Which items are sitting under a sub-limit?
Educational information only, not a quote or a binding offer of insurance, and coverage is subject to carrier underwriting, eligibility and availability.
Have my contents coverage reviewedWhat does the arithmetic look like on a Henderson household?
Special personal property coverage is worth $11,700 on one illustrative monsoon loss and $0 on the burglary that follows it. Take a Henderson house with a $480,000 dwelling limit, contents written at 50 percent, and a $2,500 deductible. Every figure below is illustrative arithmetic on numbers chosen for the example. It is not a quote, a premium calculation or a determination of coverage.
Coverage C on those inputs is 50 percent of $480,000, which is $240,000. The household inventories its belongings honestly and prices the replacement cost at $96,000, so the limit is not the constraint.
That is the situation most people are in, and it is exactly why the limit is the wrong thing to be checking.
Now run one monsoon loss. Water enters around a failed second floor window seal during an August cell and ruins $14,200 of rugs, upholstery and a media console. Wind did not open the roof or a wall, so on this illustrative reading the named perils windstorm carve-out would apply.
- Named perils Coverage C. The loss is not on the list of 16. The example claim pays $0, and the household funds the full $14,200.
- Open perils Coverage C. The loss is covered unless the policy excludes it. Subtract the $2,500 deductible and the claim pays $11,700, leaving $2,500 out of pocket.
- The gap on this single loss is $11,700, against a $240,000 limit that was never the issue.
Run a second loss on the same household to see where the endorsement stops helping. A burglary takes a laptop, a camera and a ring set appraised at $9,000. Theft is peril 9, so both bases cover it.
But the jewelry sub-limit is $1,500 for loss by theft, and it is identical on both. The ring set pays $1,500 and the household absorbs $7,500. Nothing about the perils basis changes that number. A schedule would have.
Those two losses together are the whole argument of this page in one household. The endorsement is worth real money on the first claim and worth nothing on the second. The two fixes are not interchangeable.
The estimator below runs the same arithmetic on your own figures. It is illustrative only, nothing is saved or sent, and it is not a quote.
Illustrative arithmetic on figures you choose. This is an estimate for informational purposes only. It is not a quote, an offer of insurance, or a binding of coverage. What is actually paid on any claim is decided by the carrier under the policy's own terms and is subject to underwriting, application review, and verification. No coverage exists until a policy is issued and accepted by the carrier.
Should you ask for special form on your policy?
Ask for special personal property coverage if any one of the four statements below is true about your household. Skip it if none of them is. That is a real threshold rather than an it depends. It is built from what the named perils list leaves out, not from a sales angle.
The decision ruleAsk for special form if any one of these four is true:
- Your priced inventory runs above roughly 40 percent of your dwelling limit.
- You keep working equipment at home, including cameras, instruments, tools or a studio setup.
- You have moved in the last year, or expect to move in the next one.
- Your belongings are the kind that break, spill and short out rather than burn. In practice that means screens, glass and electronics.
If none of those is true, your money is usually better spent elsewhere. Make sure the dwelling limit itself is right, and that any single valuable item is scheduled.
There is a second, quieter reason to ask. Requesting it forces the carrier to tell you whether your house qualifies for its broader forms. That answer is useful on its own.
A decline is early information about how underwriting reads your roof, your claim history and your construction. It arrives well before a renewal letter says it less politely.
Two of the four triggers deserve a note. Moving matters because of a limit inside the form. Property usually located at a residence other than the residence premises is limited to 10 percent of the Coverage C limit or $1,000, whichever is greater.
The form then carves out a newly acquired principal residence for 30 days from the time you begin moving property there. A move that stretches past a month can walk out of that window. Half a household can still be sitting in the old place.
Working equipment matters because of the $2,500 and $500 business sub-limits above, which the endorsement does not touch either.
If a claim is already in front of you rather than a renewal, the sequence is different. Documentation drives it. Photograph everything before it moves. Keep the damaged items until an adjuster releases them. Price replacements from real listings rather than memory.
How much personal property coverage do you need as a renter?
Personal property coverage on a renters policy should be priced room by room. A tenant policy usually asks you to choose the contents limit outright rather than deriving it from a building value.
That freedom is the whole difference between a renter's decision and a homeowner's. It is why the default offered at the quote screen is so often wrong in both directions.
The method is unglamorous and it works. Walk each room with your phone. Film the walls and the closets. Then write down what it would cost today to replace what is in that room.
Kitchens and closets are the two rooms people underprice by the widest margin. The Nevada Division of Insurance publishes a home inventory resource for this. An inventory built before a loss is worth considerably more than one reconstructed after one.
For a Las Vegas renter the perils question then lands the same way it does for an owner. Take a studio near the Arts District with $28,000 of belongings on a named perils form.
It is not covered for monsoon water that seeps in without a wind opened wall. It is not covered for a dropped television. It is not covered for a surge that takes out a desktop.
The Las Vegas renters insurance overview covers how the rest of a tenant policy fits together. That includes liability and the part that pays for somewhere to stay.
That last piece is worth reading on its own. Loss of use coverage is what funds a hotel while a unit is unlivable. It runs on its own limit rather than out of Coverage C.
Insurance Information Institute figures compiled from ISO data for 2018 through 2022 put some scale on the risk. Of insured homes, 5.5 percent experienced a claim in 2022. Water damage and freezing accounted for 27.6 percent of homeowners claims. The average property damage claim ran $15,570 across the period.
Those are national figures and they are about homeowners policies. But the shape of them, water first and theft last, matches what the named perils list handles worst.
How do you tell which basis your Nevada policy uses?
Your Coverage C perils basis is found by reading two things: the form number on the declarations page, and the sentence at the top of the personal property perils section. In Nevada the form number alone will often not tell you.
This is the step where most national advice quietly fails Nevada readers.
The Nevada Division of Insurance publishes the policy forms used by the ten largest home insurance groups in Nevada. The ranking is by direct written premium from the National Association of Insurance Commissioners (2018 NAIC market-share data, the most recent the Division publishes).
Read that page for the form numbers and the useful finding is what is missing. Only two of the ten groups list an Insurance Services Office Comprehensive Form, HO 00 05 10 00, among the forms the Division publishes. Their combined market share on the Division's own figures is 8.28 percent.
The three largest groups together hold 43.84 percent of the Nevada market. Each files its homeowners policy under a company form number that contains no HO-3 or HO-5 anywhere in it.
So the usual advice, check whether your declarations page says HO-3 or HO-5, cannot work for most people here.
One bound worth stating. The Division's own disclaimer says the page lists only forms a company requires its policyholders to have. Optional endorsements (add-ons a policyholder chooses to attach) are not listed there.
Special personal property coverage is exactly such an optional endorsement. So the page cannot be read as a list of who offers open perils contents. It is only evidence about what the label on your papers will look like.
Three reads settle it in about ten minutes.
- Find the perils sentence. Open the policy booklet to the personal property perils section. If it says the insurer covers loss caused by the following perils and then numbers them, you are on named perils. If it says risk of direct physical loss, you are on open perils.
- Check the endorsement schedule. The declarations page lists attached forms by number. Look for anything whose title contains the words special personal property. Or ask your agent to name the form that governs Coverage C.
- Read the valuation line separately. Somewhere near the Coverage C limit the policy will say replacement cost or actual cash value. That line is independent of everything above.
The bottom line
Special personal property coverage is a small endorsement answering one specific question. When something happens to your belongings, does your policy start from a list or from an exclusion?
In this market the weather arrives as water and grit, and the most valuable things in a house are increasingly circuit boards. Starting from an exclusion is worth asking about.
It is also not a fix for the two problems people most often bring to it. Sub-limits on jewelry, cash, firearms and business gear survive it untouched. The choice between replacement cost and actual cash value sits on a different line entirely.
Read all three before renewal. You will know more about your own contents coverage than the limit on the front page ever told you.
Have your Coverage C basis and your sub-limits read before renewal
Nevada contents coverage is worth a five minute read of your own declarations page. Bring it and the endorsement schedule attached to it.
Page reviewed September 9, 2026. Educational information only, not a quote or a binding offer of insurance, and coverage is subject to carrier underwriting, eligibility and availability.
Have my contents coverage reviewedArticle history
- September 9, 2026. Published. Sources read on this date: the Insurance Services Office Homeowners 3 Special Form HO 00 03 10 00 as hosted by the Insurance Information Institute. The Nevada Division of Insurance page publishing the policy forms of the ten largest home insurance groups writing in Nevada. The Division's consumer pages on reading a policy and on home inventories. The Wolters Kluwer Forms Reference Guide index of homeowners forms and endorsements. Insurance Information Institute loss data drawn from ISO for 2018 through 2022.
- September 9, 2026. Corrected the endorsement form number before publishing. An early outline named form HO 05 24 as the endorsement a Nevada homeowner would ask for. Read against the Wolters Kluwer forms index, HO 05 24 is written for use with the HO 00 04 tenants form. HO 00 15 is the one written for use with the HO 00 03. Both are titled Special Personal Property Coverage, which is how the two get swapped. The page now names each with the base form it attaches to.
- September 9, 2026. Reused an existing site photograph rather than commissioning a new one. Image generation is unavailable to this lane. The home inventory photograph already in the library shows the exact property categories this page covers. It appears on two other pages in this cluster. A unique image is queued for the next revision.
Frequently asked questions
What is special personal property coverage?
Special personal property coverage is an endorsement that rewrites Coverage C of a homeowners or renters policy. Your belongings are then insured against direct physical loss unless the policy excludes it. That replaces a printed list of perils.
Insurance Services Office publishes it as Special Personal Property Coverage. Form HO 00 15 is for use with the HO 00 03 Special Form. Form HO 05 24 is for use with the HO 00 04 tenants form. The same result is built into the HO 00 05 Comprehensive Form from the start.
Carriers also file their own versions under their own form numbers. Coverage is governed by the policy issued, subject to carrier underwriting, eligibility, policy terms, exclusions and availability.
Is special personal property coverage the same thing as an HO-5 policy?
Not quite, though the effect on your belongings is close. An HO-5 is a whole policy form, the Comprehensive Form. It writes both the dwelling and the personal property on an open perils basis from the first page.
Special personal property coverage is an endorsement bolted onto an HO-3. The HO-3 already covers the dwelling on an open perils basis, and the endorsement makes Coverage C match.
The difference that matters in practice is eligibility and price. A carrier may decline to write an HO-5 on a house it will happily endorse.
Does special form cover jewelry, cash and firearms in full?
No, and this is the single most misread part of the coverage. The sub-limits on Coverage C sit in the property section of the policy, not in the perils section. Changing the perils basis does not lift them.
On the Insurance Services Office HO 00 03 Special Form the printed figures are set out item by item. Money is capped at $200. Loss by theft of jewelry, watches and furs is capped at $1,500. Loss by theft of firearms and related equipment is capped at $2,500. Loss by theft of silverware is capped at $2,500.
Those survive the endorsement. Scheduling the item is the separate move that raises them.
Why does open perils matter more in Las Vegas than the brochures suggest?
Because two of the ways Southern Nevada damages belongings are not on the named perils list in a usable form.
The Insurance Services Office wind and hail peril has a carve-out in its own text. It does not include loss to property inside a building caused by rain, snow, sleet, sand or dust. The exception is when wind or hail first opens the roof or a wall. The water or dust then comes in through that opening.
Monsoon water that gets in another way, and blown dust generally, therefore fall outside the named list. The electrical current peril also expressly excludes damage to the circuitry inside computers and home entertainment units.
How much personal property coverage do I need as a renter?
Price your own belongings rather than accepting the default. Walk each room. Write down what it would cost to replace what is in it today, and total it.
Renters policies are commonly written with a contents limit you select rather than one derived from a dwelling limit. The number is yours to set. The Nevada Division of Insurance publishes a home inventory resource for exactly this purpose.
Then decide the perils basis separately. A large limit on a named perils form still pays nothing for a loss that is not on the list.
How do I tell which basis my Nevada policy uses?
Read the declarations page for the form number and then read the form. Looking for the letters HO-3 or HO-5 works for some Nevada policyholders and not for others.
The Nevada Division of Insurance publishes the forms used by the ten largest home insurance groups writing in the state. Most of those groups file their homeowners policy under a company form number rather than an Insurance Services Office designation.
When the label is not there, the test is the sentence. A named perils Coverage C says it insures against loss caused by the following perils and then lists them.
Does special personal property coverage change replacement cost versus actual cash value?
No. Those are two separate elections that people routinely collapse into one. The perils basis decides whether a cause of loss is covered at all.
The valuation basis decides how much gets paid once it is covered. That is either the cost to replace the item or its depreciated value.
A policy can be open perils and actual cash value, or named perils and replacement cost. Check both lines on the declarations page, because fixing one does nothing for the other.
Are my belongings covered while I am moving to a new Las Vegas home?
Personal property is covered anywhere in the world under Coverage C. The amount can drop when the property sits at a second address.
The Insurance Services Office form limits property usually located at a residence other than the residence premises. The cap is 10 percent of the Coverage C limit or $1,000, whichever is greater. The form then carves out an exception for a newly acquired principal residence. It runs for 30 days from the time you begin moving property there.
A move that runs long can walk out of that 30 day window. Moving damage is not a named peril in the first place.
Sources
- Insurance Services Office, Inc., "Homeowners 3, Special Form", form HO 00 03 10 00, copyright 1999, sample text hosted by the Insurance Information Institute (Section I Perils Insured Against: Coverages A and B insured "against risk of direct physical loss"; Coverage C insured for "direct physical loss ... caused by any of the following perils" followed by 16 numbered perils; peril 2 windstorm or hail excludes loss to property in a building "caused by rain, snow, sleet, sand or dust unless the direct force of wind or hail damages the building causing an opening in a roof or wall"; peril 15 excludes "tubes, transistors, electronic components or circuitry"; Special Limits Of Liability of $200 on money, $1,500 on securities, $1,500 for theft of jewelry, watches and furs, $2,500 for theft of firearms, $2,500 for theft of silverware, $2,500 on business property on the residence premises, $500 off it, and $1,500 on electronic apparatus in a motor vehicle; Coverage C limit for property at other residences of 10 percent or $1,000 whichever is greater, with a 30 day exception for a newly acquired principal residence). https://www.iii.org/sites/default/files/docs/pdf/HO3_sample.pdf
- Nevada Division of Insurance, "Policy Forms Used by the 10 Largest Home Insurance Groups in Nevada" (groups identified by market share on direct written premium using 2018 National Association of Insurance Commissioners market-share data, the most recent the Division publishes; two of the ten list Insurance Services Office form HO 00 05 10 00; Disclaimer I states that only forms a company requires its policyholders to have are listed and that optional amendatory endorsements are not). https://doi.nv.gov/Consumers/Homeowners-Insurance/Policy-Forms
- Nevada Division of Insurance, "How to Read Your Policy" ("Sometimes a policy may provide coverage of a risk in one section only to later exclude or limit it under certain conditions"). https://doi.nv.gov/Consumers/Homeowners-Insurance/Read-Your-Policy/
- Nevada Division of Insurance, "Home Inventory", the Division's consumer resource for pricing belongings before a loss. https://doi.nv.gov/Consumers/Homeowners-Insurance/Home-Inventory/
- Wolters Kluwer Financial Services, "Homeowners Policy Forms and Endorsements" forms reference index (entry HO0524, edition 03/22, "SPECIAL PERSONAL PROPERTY COVERAGE", state list including NV, paired throughout the index with "FORM HO 00 04 W/HO 05 24"; entry H305, bureau number HO00150491, edition 04/91, "SPECIAL PERSONAL PROPERTY COVERAGE", paired in the index with "FORMS HO 00 03 WITH HO 00 15"). https://frg.wolterskluwer.com/Personal_Homeowners.pdf
- Insurance Information Institute, "Facts + Statistics: Homeowners and renters insurance" (5.5 percent of insured homes experienced a claim in 2022; water damage and freezing 27.6 percent of homeowners claims; average property damage claim $15,570; source ISO, a Verisk business, homeowners multiple peril policies 2018 through 2022). https://www.iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance
- Nevada Division of Insurance, homeowners insurance consumer section. https://doi.nv.gov/Consumers/Homeowners-Insurance/
- Nevada Division of Insurance, licensing section, which links the state licensee search tool (Valley West Insurance agency license #1021906, NPN #17531339). https://doi.nv.gov/Licensing/
Related Nevada contents and coverage guides
Scheduling individual valuables
The instrument that actually raises the jewelry, firearms and silverware caps this page leaves in place.
Renters insurance in Las Vegas
How a tenant policy fits together once you have chosen the contents limit and the perils basis.
Replacement cost vs. market value
The valuation side of the same declarations page, and why market value is the wrong input.