Theft of Tenant's Property

February 10, 2014

We have a homeowner's HO-03 policy. We have a four car garage on our property and rent part of it out to our neighbor for a fee of $250 per month. The neighbor renting the space is now claiming that a generator they were storing in the space was stolen. No proof the generator was ever in the unit. We are thinking there would not be coverage for this, under Section I Property Coverages- Property Not Covered #5: Property of roomers, boarders and other tenants, except property of roomers and boarders related to an “insured”. Is this correct?

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