In the event of theft, how much coverage is given for silverware or goldware under Coverage C Limited Property?

Prepare for your Homeowners Insurance Exam with comprehensive study materials, flashcards, and multiple choice questions. Get ready for your test by reviewing key concepts with hints and explanations. Ace your exam!

Coverage C, which addresses personal property in homeowners insurance, includes specific limitations on certain types of property, such as silverware and goldware. Under Coverage C, there is a limit set for stolen personal belongings in categories deemed to hold higher value. The correct amount designated for silverware or goldware in the event of theft is indeed $2500.

This coverage limit reflects the insurer's assessment of risk and value associated with these specific items, which are often more valuable than standard personal property. Understanding these limits helps policyholders in evaluating whether they need additional coverage or endorsements, especially if they possess items that exceed these specified limits. The other amounts listed do not correspond to the specific valuation set forth by standard homeowners insurance policies for this subclass of property. This highlights the importance of knowing policy details to ensure adequate protection.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy