Resource Library

Property in the Open

Property in the open veterans memorial monument in courthouse squareProperty that Stays Put Outside

Date: March 2020

This article discusses what items constitute property in the open and how MCIT coverage responds.

As members update their property schedules, they should consider that property generally comes in two forms: buildings and contents. Contents coverage is for items that stay put inside and do not stray more than 500 feet from their respective buildings. Contents on the move can be covered under Inland Marine schedules such as: contractors equipment (graders and snowplows, etc.), electronic data processing equipment (laptop computers and monitors, etc.) and miscellaneous personal property (boats, motors and snowmobiles, etc.).

But what about property that falls somewhere between “stays put inside” and “contents on the move”? Those items that love the fresh air, but prefer to stay put outside of buildings at scheduled locations?

To cover items that stay put outside, MCIT provides coverage called property in the open. MCIT pays for direct physical loss to scheduled property in the open caused by a covered loss that typically includes damage caused by wind, lightning and weight of ice and snow.

Examples of property in the open include:

  • statues and monuments when combined values exceed $10,000 per occurrence
  • bridges not used for railroad or public vehicular traffic when values exceed $50,000 per occurrence
  • fences
  • radio/television antennas
  • radio towers
  • satellite dishes
  • signs not attached to buildings
  • free-standing lighting fixtures (e.g., parking lot lighting)
  • fuel pumps
  • flag poles
  • picnic tables
  • playground equipment
  • repeaters
  • free-standing solar panels

Coverage is available for items listed on the member’s property schedule. The items need to be individually listed as property in the open and include a replacement cost value to ensure maximum protection in the event of a loss. The member’s property deductible applies to any covered loss on an occurrence basis.

When a loss occurs to property in the open that is not scheduled, the MCIT Coverage Document provides limited automatic coverage for:

  • statues and monuments, up to $10,000 per occurrence.
  • bridges not used for railroad or public vehicular traffic, up to $50,000 per occurrence.

The MCIT Coverage Document also includes limited automatic coverage for:

  • fences
  • radio/television antennas
  • satellite dishes
  • signs not attached to buildings
  • shrubs, plants and trees planted in the ground (limit of $500 per tree, plant or shrub)

MCIT provides a limit (exclusive of shrubs, plants and trees planted in the ground) of $5,000 per occurrence regardless of the types and number of items lost or damaged when caused by fire, explosion, lightning, riot, civil commotion or aircraft.

Members should regularly review their schedules and identify their property in the open exposures. Once this is accomplished, a business decision can be made as to whether a particular property in the open item should be scheduled, giving consideration to value, deductible, etc.

To add property in the open to a schedule, the member should submit a schedule change request through the MCIT member portal.

Members with questions regarding this topic are encouraged to contact their MCIT risk management consultant toll-free at 1.866.547.6516.

The information contained in this document is intended for general information purposes only and does not constitute legal or coverage advice on any specific matter.