Florida Certified Insurance Representative (CIR) Practice Exam 2026 – Your All-in-One Guide to Certification Success!

For a homeowners insurance policy, personal property coverage typically includes limits on certain categories of items, such as trailers. In many homeowners insurance policies, there is a specified limit for personal property that can be claimed for theft or loss.

In this scenario, Tim can claim $1,000 for his stolen trailer. This amount reflects the policy's specific limit on personal property claims related to recreational vehicles like trailers or the specific limit set by the insurance company for this type of item under such policies.

The other amounts, such as $2,500, $500, and $1,500, do not align with the typical policy limitations set forth for trailers under homeowners insurance policies, which is why they are less applicable in this case. It’s crucial for policyholders to thoroughly understand their coverage limits to accurately assess their potential claims.