Which of the following is NOT a special personal property limit under a homeowners policy?

Business personal property on the insured premises is not considered a special personal property limit typical in homeowners policies. Homeowners policies generally apply to personal property used in a residential context and set specific limits on certain categories to protect against higher-risk items or situations.

In the context of the homeowners policy, special limits are applied to various categories of personal property to govern the maximum amount the insurer will pay for losses related to those specific items. Categories like theft of firearms, securities, and trailers not used with watercraft have predefined limits due to their nature—such as higher risk of theft or damage.

However, items defined as business personal property typically fall outside the standard personal property coverage in a homeowners policy because they relate to business activities rather than personal use, which is the primary focus of the homeowners coverage. Therefore, there is no established limit in this policy for business personal property that is kept on the premises.