Which loss would be fully covered by a homeowners policy?

The correct answer is based on the specific coverages and limits provided by a homeowners policy. In this case, a homeowners insurance policy typically covers personal property losses, but it also contains limits for certain categories of valuable items.

The loss of the $2,000 silver tea set is fully covered under the standard coverage offered by a homeowners policy if it falls within the coverage limits for personal property. Items like silverware, which often carry a higher value, are usually covered, but they may have specific limits depending on the policy. Fortunately, in this example, the value does not exceed any specific coverage caps that would exist for such items under a typical homeowners policy.

In contrast, the other options represent items that might exceed coverage limits or face exclusions. Firearms, for instance, often have specific limits that may be lower than their actual value, while pets like a pedigreed golden retriever are not covered under a standard homeowners policy. Lastly, a bass boat is typically considered recreational property and may not be fully covered or could be excluded entirely, depending on the specifics of the policy.

Therefore, the loss associated with the stolen silver tea set is the most straightforward and likely to be fully covered based on the general principles of most homeowners policies.