Tim's $2,500 boat trailer was stolen from his driveway. Ignoring any deductibles, how much can Tim receive for his stolen trailer when he files a claim against his homeowners policy?

generally $1,000, but some policies can cover up to $1,250

Explanation:

Home insurance provides only very limited protection to boats or other watercraft that you might own. They are also very specific circumstances under which they will be covered and as long as it happens within your residence. In this case, since the boat trailer was stolen from your driveway you insurance policy will probably cover it, but the amount is relatively small. Most policies will cover only $1,000 and some might even cover up to $1,250, but generally the lesser amount is covered. If you own a boat it is usually recommended to get a boat insurance policy.

a. money supply  

have a good day