Homeowners Policy (HO)第 333 / 474 题

A homeowner runs a side business from the house and keeps $7,000 of stock and equipment there. Under Coverage C on a standard unendorsed form, business property on the residence premises is limited to:

a.$500 for that property
b.$7,000, the full amount
c.$2,500 for that property
d.$1,500 for that property

解析

Business property on the residence premises carries a $2,500 special limit on the standard form, so $4,500 of the $7,000 exposure is uninsured. The $1,500 figure is the jewelry-theft and watercraft limit, and $500 is the credit card and forgery amount. A home business of this size belongs on a business owners policy or an endorsement.

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