Question 52

Theft of a canoe from an attached garage is covered under a Homeowners policy.

Homeowners policies typically cover personal property theft within the premises of the insured's home. Since the canoe was stolen from an attached garage, it falls under the coverage for personal property on the premises.

A) Theft committed by an insured

Theft committed by an insured is generally excluded from coverage under Homeowners policies. Insurers do not provide protection for losses resulting from dishonest acts of the policyholder, which includes theft by an insured individual.

B) Off-premises theft of a camper

Homeowners policies may cover personal property theft, but often with limitations regarding off-premises items. A camper, being a vehicle and typically not considered personal property under standard Homeowners coverage, would likely not be covered for theft when not located on the insured premises.

C) Theft of a canoe from an attached garage

Theft of a canoe from an attached garage is covered under a Homeowners policy because it involves personal property located on the premises. The garage is considered part of the insured home, and thus theft occurring there falls within the policy’s coverage for personal property.

D) Theft of a laminated beam to be used in new construction

Theft of a laminated beam for new construction would not be covered under a Homeowners policy, as it pertains to materials intended for business or construction purposes rather than personal property. Homeowners insurance is designed to cover personal belongings, not construction materials or tools.

Conclusion

The correct answer, theft of a canoe from an attached garage, aligns with the coverage provisions of a Homeowners policy that protects personal property on the insured premises. The other options fail to meet the criteria for coverage, either due to exclusions for insured actions, limitations on off-premises items, or the nature of the property involved. Thus, option C is definitively the right choice.