Which of the following losses would NOT be covered by a homeowners policy?

The loss of a coin collection valued at $500, which is claimed to be lost in a fire, would typically be covered by a homeowners policy, as fire-related losses are generally included under such policies. However, the distinction may come into play depending on whether the value of the collection exceeds the policy’s limit for unscheduled personal property or whether specific exclusions apply to collectible items.

Typically, homeowners insurance provides coverage for personal property in various categories, but items such as collectibles can sometimes have limitations or require additional endorsements for full coverage. In many cases, certain types of collectibles may have a sublimit that could affect how much is reimbursed.

In contrast, the outboard motor destroyed by hail would generally be covered under dwelling protection due to it being damaged by a covered peril, while the utility trailer blown away by a tornado is also straightforwardly covered as wind damage is a peril typically included. The stolen silver tea set would be part of the coverage for personal property, including theft, unless otherwise specified in an exclusion.

Thus, while the fire loss may not provide the coverage level expected for collectibles or be limited by the overall policy terms, the assumption is that it should be covered. Understanding the nuances of personal property coverage limits is key to determining which