Which property is typically covered under a Homeowners Policy?

A homeowners policy generally covers personal property that is owned by the insured, which includes items that are located in or on the insured premises. The model airplane is considered a personal property item that falls under typical coverage provided by such a policy, especially if it is for personal use and not intended for commercial purposes.

In contrast, a speaker system installed in the insured's car is usually not covered since vehicles are generally insured under an auto policy, not a homeowners policy. A show dog may have coverage limitations as it could be considered a business asset, especially if the owner derives income from showing the dog, potentially excluding it from coverage under a standard homeowners policy. Lastly, a hovercraft is commonly considered a watercraft and is typically not included in homeowners policies due to its classification and the liability issues surrounding it. Thus, the model airplane stands out as the appropriate item covered under a homeowners policy in this context.