Homeowners Policy (HO)Question 332 of 474
A homeowner's small sailboat, its trailer and its outboard motor are damaged by a covered peril. Under Coverage C on an unendorsed form, the most payable for the boat, trailer and equipment together is:
a.$1,000
b.$2,500
c.$1,500
d.$5,000
Explanation
Watercraft, together with their trailers, furnishings, equipment and outboard motors, share one $1,500 special limit under Coverage C on the standard form. That single limit covers the boat and everything that goes with it, so a real boat needs its own watercraft policy. The $2,500 figure belongs to firearms, silverware or business property, not watercraft.
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