Merchandise held in storage or for sale, raw materials and in-process or finished goods, including supplies used in their packing or shipping. “Stock” does not include any property not covered under “Section IV. Property not Covered” of the General Property Form, except the following:

• Parts and equipment for self-propelled vehicles;
• Furnishings and equipment for watercraft;
• Spas and hot-tubs, including their equipment; and
• Swimming pool equipment.