George has a big house on an island on a small lake. There is no bridge connecting his island with the land; thus, the only way to reach his house is by using a boat or helicopter. He owns a boat that he uses every day.
As an insurance he feels that his boat should be covered just like any other personal property he owns. However, his insurer informs him that boats are excluded as personal property under his homeowner's policy.
a. Give some other examples of property that are usually excluded from homeowner's policy.
b. Are they uninsurable? Explain your answer.