What type of property is excluded under Homeowners - Coverage C?

Homeowners - Coverage C under a standard homeowners insurance policy is designed to cover personal property owned by the insured. However, certain types of property are specifically excluded from this coverage to avoid coverage duplication or because they involve special risks. Property that is "specifically insured elsewhere" is excluded under Coverage C because it is covered under a different policy, ensuring that the insured does not receive double indemnity for the same item.

For example, if someone has a valuable painting insured under a separate art collector's policy, this painting would not be covered under the homeowners policy because it is already protected. This helps streamline claims and keeps the insurance system fair and efficient.

Other exclusions, while significant, do not apply in the same way. For instance, automobiles owned by a household member typically have their own insurance policies and are not covered under homeowners insurance, but this does not mean they are explicitly excluded under Coverage C. Pets are also not covered under this section because homeowners insurance does not cover living creatures. The last option, which suggests that all types of personal property are excluded, is incorrect since homeowners policies do provide coverage for many personal belongings, except those specifically excluded or covered elsewhere.