Cameras no Longer Business Property

February 7, 2012

Our insured has a $20,000 camera floater for professional use. He is now on disability retirement because he is physically unable to do photography any more. If he cancels his floater and simply insures the camera equipment as part of his unscheduled personal property under the homeowners policy, will the equipment still be considered business personal property and subject to the policy limit on such property or will it only be subject to the Coverage C limit on the policy?

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