Under all Homeowners Forms the coverage for certain Personal Property articles is restricted to 'Special Limits of Insurance', unless the insured has purchased additional insurance... Under all Homeowners Forms the coverage for certain Personal Property articles is restricted to 'Special Limits of Insurance', unless the insured has purchased additional insurance. All of the following objects are subject to 'Special Limits', except one. Pick the Exception: a) Computer games and other software with a combined value of $3,600 b) A mountain bike valued at $6,000 c) A coin collection valued at $1,200 d) A gold watch valued at $1,800 Read more

Understand the Problem

The question is asking to identify which one of the listed items is the exception to coverage under Homeowners Forms regarding Special Limits of Insurance. The items have specified values and the respondent is to determine which one is not subject to those restrictions.

More Information

Typically, homeowner's insurance policies set special limits for items like software, coin collections, and jewelry, but mountain bikes are often not subject to these special limits.

Tips

Check specific policy documents to ensure accurate understanding of coverage limits.

Sources

• Fundamentals of Insurance - docsity.com