Our insured is covered under an HO 3 policy form. Coverage C – Personal Property states the following under the theft peril: This peril does not include loss caused by theft that occurs off the "residence premises" of watercraft of all types, and their furnishings, equipment, and outboard engines or motors.

 "Residence premises" is defined as:

 a.The one-or two-family dwelling where you reside in at least one of the family units; or