Which type of personal property has a coverage limit of $1,500 under a homeowners policy?

The correct response focuses on "Accounts and evidences of debt," which includes items such as stocks, bonds, and other negotiable instruments. Under a homeowners policy, these types of personal property generally have a limit of $1,500 due to the specific coverage restrictions placed on certain categories of personal property. This limit is set to mitigate the risk associated with these types of items, which are not typically kept in the home and may be at higher risk of loss or theft.

In contrast, the other types of personal property mentioned have different coverage provisions. For instance, business personal property off premises is generally not covered under a standard homeowners policy, as personal property related to business activities tends to be excluded or subject to different terms. Outboard motors and utility trailers usually have higher coverage limits than $1,500, and are specifically addressed within the policy provisions that provide coverage for personal property, often with limits that exceed those placed on accounts and evidences of debt.