Business Personal Property and Theft Coverage under HO Policy

We provide coverage to our insured under a homeowner's policy. Coverage is written under AAIS Form 3 Ed 2.0. Our insured is reporting a theft claim. The loss occurred away from the insured premises as insured's vehicle was broken into. Our insured is reporting a stenograph machine and other related equipment were stolen as the equipment was in the trunk of the vehicle.

The policy has a limitation of $250 for personal property used, in whole or in part for “business” purposes while away from the “insured premises”. Our insured admits the equipment was formerly used in her profession, as she was a court reporter by trade. However, she informs she has not worked as a court reporter in several months and now has a job as a bookkeeper with no intention of going back into court reporting. She states the equipment was in the trunk as that is where she put it several months ago after she took her last job and that seemed to be as good as place as any to store it.