Endorsements & Optional CoveragesQuestion 434 of 474
A thief takes a $9,000 ring from a home insured on a standard unendorsed form. The most the policy will pay for that ring is:
a.$2,500
b.$1,500
c.$200
d.$9,000
Explanation
On a standard unendorsed form, theft of jewelry, watches and furs is subject to a special limit of $1,500, so the owner of a $9,000 ring collects only $1,500 and absorbs the rest. The $2,500 figure is the theft sublimit for firearms and for silverware and goldware, and $200 is the limit on money and coins. Scheduling the ring is what removes this cap.
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