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Red Cloak of Riding

Wondrous Item, Very Rare (cost 7000 gp)
Crafting Components

Werewolf blood

While wearing this scarlet cloak, you gain a +2 bonus to AC but have disadvantage on Insight and Perception checks. In addition, when you are reduced to 0 hit points and wearing this cloak, you drop to 1 hit point instead. You can’t use this feature again until you finish a long rest .