Dwelling Policy Practice Test

Both the broad theft and limited theft endorsements on the dwelling program exclude all of the following types of property EXCEPT...

1. Jewelry

2. Collectibles

3. Watercraft

4. Electronics

The correct answer is: Watercraft

The broad theft and limited theft endorsements provided within dwelling policies are designed to protect against specific types of property loss related to theft, but they also delineate certain exclusions. In the context of these endorsements, watercraft is typically included in the coverage because it often falls under personal property that might be subject to theft, especially when stored at a residence. Jewelry, collectibles, and electronics, on the other hand, usually have stricter coverage limitations or exclusions due to their high value and portability, making them more susceptible to theft, which raises the insurer's risk. Therefore, the inclusion of watercraft means it is a type of property that, in certain situations, can still be covered under these theft endorsements. This coverage is essential for homeowners who may have a boat or similar watercraft that could be stolen while on their property, distinguishing it from the other options that are generally excluded under these endorsements.