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Federal Emergency Management Agency the effect of wave action in Zones VE or V1- 30. The lowest floor levels are ba.sed on the bottom of the lowest horizontal structural member of the floor in Zones VE or VI-30 and the top of the floor in Zones AH. AE or .'1.1-30. Coverage B-Personal Property A. Subject to paragraphS B. C. and D. below. this policy covers personal property which is in or on the insured. fully enclosed building and is: 1. Owned solely by the Insured. or in com- mon by the unit owners of a condominium. Le., as to which eacb unit owner has an undi- vided ownership in terest; or 2. In the case of a condominium, owned sole- ly by a condcmztnium association and used ex- clusively in the conduct of the business af- fairs of the condominium. 3. Such personal property is also covered while stored at a temporary location. as ex- pressly authorized under this policy (see Arti- cle 5, paragraph B.2.). B. When the insurance under this policy' covers personal property (contents). cov- erage shall be for either household contents or other than household contents. but not for both. 1. When the insurance under this policy covers other than household contents. such insurance shall cover. subject to "Coverage A-Building Property". paragraph 3.: Mer- chandise and stock. materials and stock sup- plies of every description. furn1ture. fixtures. machinery and equipment of every descrip- tion all owned by the Insured and all while within the described enclosed building. Bail- ees' goods are specifically excluded from cov- erage under this policy. 2. When the insurance under this policy covers household contents. such insurance shall cover. subject to "Coverage A-Build- ing Property". paragraph 3.: All household and personal property usual or incidental to the occupancy of the Premises as a residence. except any property more specifically cov- ered in whole or in part by other insurance including the peril insured against in this policy, belonging to the Insured or members of the Insured's family of the same house- hold. or for which the Insured may be liable. or. at the option of the Insured. belonging to a servant or guest of the Insured-all while within the described enclosed building. C. Coverage for personal property includes the following property. subject to paragraph A. 1. and 2.. above. for which coverage is not provided (irrespective of the manner in which the property is installed in or adapted to the building) under "Coverage A-Building Prop- erty~': . Clothes Washers . Clothes Dryers . Food Freezers . Air Conditioning Units Installed in the Building pt. 61 , App. A(2) . Portable Dishwashers . Carpet. including wall-to-wall carpet. over finished flooring and whet:b.er or not it is permanently installed . Carpet not permanently installed over unfinished flooring . Outdoor equipment and fUI'lliture stored inside the dwelling or another fL1lly enclosed building at the property address . Portable microwave ovens and "cook- out" grills. ovens and the like D. Limitations. Under this "Coverage B- Personal Property". the Insurecl shall not be reimbursed for loss as to the following per- sonal property to the extent the loss to any one or more of such property l~xceeds. indi- vidually or in total. $250.00: . Artwork. including but not limited to. paintings. etchings. pictures. tapestries. art glass windows including their frames. statu- ary. marbles. and bronzes; . Rare books; . Necklaces. bracelets. gems. precious or semi-precious stones. watches. articles of gold. silver. or platinum; or . Furs or any article containing fur Which represents its principal value. E. The Insured. if not an owaer of the de- scribed building, may apply up to 10 percent of the amount of insurance aJ>]:llicable to the personal property covered under this item. not as an additional amount of insurance. to cover loss to improvements to the desct'fbed building which have been madE'. or acqUired. at the expense of the Insured exclusi'l7e of rent paid by the Insured. even l;hough the im- provements are not legally subj"ct to removal by the lnsured. F. The Insured. if a condominj urn unit Owner in the described building, may apply up to 10 percent of the amount of inst1t'a.Ilce on per- sonal property covered under t.his policy. not as an additional amount of insurance. to cover loss to the interior walls. floors. and ceilings that are not otherwise covered under a condominium association poliCY insuring the described non-residential condominium bttild- mg. G. In the case of personal property owned by the Insured in a condominillm building. as a condominium unit owner. as well as in com- mon With other condominium unit owners. should the amount of insurance collectible under this policy for a loss. when combined with any recovery available to the Insured as a tenant in common under all.y condominium association flood insurance coverage provided under the Act for the same loss. exceed the statu"Drily permissible limits of personal property coverage available under the Act for the insuring of the personal property. then the limits of personal property coverage under this policy shall be reduced in regard to that loss by the amount of such excess. The insurance under this policy shall be ex- cess OVer a.ny insUrance in the name of the Condominium Association covering the same 275 .... :.... .". .. . ...... . . -