Which item is correctly covered under homeowners insurance?

Which item is correctly covered under homeowners insurance?

• A. A business inventory left at a friend's house
• B. A bicycle not used for business purposes
• C. Tools left in a garage
• D. A neighbor's property

Answer: (B)

Homeowners insurance typically covers personal property owned by the policyholder, as long as that property is used for personal, not business, purposes. A bicycle that is used solely for recreational purposes falls under this category and is generally covered against risks such as theft or damage. In contrast, a business inventory left at a friend's house is not covered under a standard homeowners policy, as it typically excludes business-related items. Tools left in a garage could be covered if they belong to the homeowner and are for personal use, but coverage can vary based on specific policy terms. Additionally, a neighbor's property is not covered, as homeowners insurance only protects the policyholder's property and not items belonging to others.

Homeowners insurance typically covers personal property owned by the policyholder, as long as that property is used for personal, not business, purposes. A bicycle that is used solely for recreational purposes falls under this category and is generally covered against risks such as theft or damage.

In contrast, a business inventory left at a friend's house is not covered under a standard homeowners policy, as it typically excludes business-related items. Tools left in a garage could be covered if they belong to the homeowner and are for personal use, but coverage can vary based on specific policy terms. Additionally, a neighbor's property is not covered, as homeowners insurance only protects the policyholder's property and not items belonging to others.