Where is personal property insured under the IBC Homeowners forms covered?

Personal property insured under the IBC Homeowners forms is covered on a worldwide basis. This means that the policyholder's personal belongings are protected not only when they are located at the insured residence but also while traveling or temporarily located in other parts of the world. This worldwide coverage is a significant benefit of homeowners insurance, as it provides peace of mind that personal items are safeguarded against theft, damage, or loss regardless of their location.

Coverage limitations typically found in other options—such as restricting protection to only a specific geographic area like Canada, exclusively within the home, or limited to North America—do not apply under the broad scope defined by the worldwide coverage in these policies. Therefore, the inclusion of worldwide coverage in homeowners insurance highlights the comprehensive nature of the protection afforded to policyholders for their personal property.