Which of the following statements about the personal property coverage (Coverage C) of the Homeowners 3 policy is (are) true?
I. There are special limits of liability that apply to certain types of personal property.
II. The full amount of coverage applies only if the property is permanently located at any residence of the insured.

Question

Quizplus · Accepted Answer

I is true because there are special limits of liability for certain types of personal property such as money, jewelry, and firearms.
II is true because the full amount of coverage applies only if the property is permanently located at any residence of the insured, meaning if it is not permanently located there, there may be limitations to the coverage or the coverage may not apply at all.

Which of the Following Statements About the Personal Property Coverage