1. What type of property does Physicians and Surgeons Property Away from Premises coverage protect?
What Is Physicians And Surgeons Property Away From Premises Coverage In Homeowners Insurance?
Homeowners insurance is an important form of coverage in protecting your home and belongings. Most traditional homeowners insurance policies usually include several different types of coverage, including liability coverage, personal property protection, and medical payments coverage.
One form of coverage often overlooked when it comes to homeowners insurance is “Physicians and Surgeons Property Away From Premises” coverage. This type of coverage may be particularly important for physicians or surgeons who have equipment or supplies that are often stored away from their homes.
What Does Physicians And Surgeons Property Away From Premises Coverage Include?
Physicians and Surgeons Property Away From Premises coverage typically includes protection against loss or damage caused to the physician or surgeon’s property located away from their premises due to a covered peril. Coverage may also include protection against loss or damage of personal property belonging to customers or employees of the physician or surgeon while located away from the premises.
In addition, medical equipment owned by the physician or surgeon in use away from the home or business may also be covered. Examples of equipment often covered would include an examination table, an x-ray machine, or a medical cart.
What Is Covered?
Under the terms of a physician and surgeon property away from premises policy, there is coverage against a variety of threats including, but not limited to:
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- Fire or smoke damage
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- Theft
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- Vandalism or malicious mischief
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- Theft of money or securities owned by the physician or surgeon
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- Accidental damage to property owned by the physician or surgeon
What Is Not Covered?
Generally, most insurers will not provide coverage for damage caused by natural disasters such as floods, earthquakes, or hurricanes unless the policyholder has purchased a separate policy for each of these perils. Similarly, certain types of damage caused by negligence, such as the accidental spilling of chemicals, or the mishandling of medical equipment, or employees’ or customers’ personal property, are typically not covered.
Conclusion
Physicians and surgeons need to make sure that they have adequate coverage for their property away from their premises as they may face unique risks and exposures. With a Physicians and Surgeons Property Away From Premises coverage, a physician or surgeon can rest assured that their property and the property belonging to their customers or employees, while located away from their home or business, is protected.