Coverage C (Personal Property) provides coverage for personal items. What is the limit for money and related items under Coverage C?

Coverage C (Personal Property) provides coverage for personal items. What is the limit for money and related items under Coverage C?

• A. $100
• B. $200
• C. $500
• D. $1,000

Answer: (B)

Money kept as personal property is limited by a small sublimit within Coverage C. That sublimit is $200, meaning you’re covered for cash and similar items up to that amount under the personal property section. If you need to insure more cash, you’d need an endorsement or a separate floater to increase coverage. The other amounts aren’t the standard sublimit for money, so they aren’t correct in this context.

Money kept as personal property is limited by a small sublimit within Coverage C. That sublimit is $200, meaning you’re covered for cash and similar items up to that amount under the personal property section. If you need to insure more cash, you’d need an endorsement or a separate floater to increase coverage. The other amounts aren’t the standard sublimit for money, so they aren’t correct in this context.