Homeowners Policy (HO)Câu 330 / 474
Two rings worth $2,000 each are stolen in one burglary. Under the special limit for theft of jewelry, watches and furs, the unendorsed policy pays:
a.$3,000, being two $1,500 caps
b.$1,500 for each of the rings
c.$1,500 for the pair of rings
d.$4,000, the full value lost
Giải thích
A Coverage C special limit caps the whole class of property in one loss, not each article, so a single $1,500 limit applies to all jewelry taken in the burglary and the pair brings $1,500. Treating the cap as per item would produce $3,000, and paying $4,000 ignores the special limit. Scheduling each ring is the way to insure them for full value.
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Câu hỏi liên quan cùng chủ đề
- A burglar takes $600 in cash and $4,000 of jewelry from an insured home. On a standard unendorsed homeowners form, before any deductible, how much is payable for these two items?
- Thieves take a firearm collection worth $6,000 from an insured's home. The unendorsed homeowners policy carries a $60,000 Coverage C limit. What is the most it pays for the guns?
- A theft loss includes a sterling silver flatware service valued at $9,000. On a standard unendorsed homeowners form, the amount payable for the silverware is:
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- A homeowner's small sailboat, its trailer and its outboard motor are damaged by a covered peril. Under Coverage C on an unendorsed form, the most payable for the boat, trailer and equipment together is:
- A homeowner runs a side business from the house and keeps $7,000 of stock and equipment there. Under Coverage C on a standard unendorsed form, business property on the residence premises is limited to:
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