Under Coverage C of a HO 3 policy, what is the amount of insurance provided for personal property?

Under Coverage C of a HO 3 policy, what is the amount of insurance provided for personal property?

• A. At least 50% of Coverage A limit
• B. 25% of Coverage A limit
• C. 75% of Coverage A limit
• D. 100% of Coverage A limit

Answer: (A)

Under Coverage C, the personal property limit is linked to the dwelling limit and set as a percentage. In a standard HO-3 policy, Coverage C is 50% of Coverage A. This means if the dwelling limit (Coverage A) is $200,000, the personal property limit (Coverage C) would be $100,000. The policy may be endorsed to higher percentages, but the minimum by default is 50% of Coverage A.

Under Coverage C, the personal property limit is linked to the dwelling limit and set as a percentage. In a standard HO-3 policy, Coverage C is 50% of Coverage A. This means if the dwelling limit (Coverage A) is $200,000, the personal property limit (Coverage C) would be $100,000. The policy may be endorsed to higher percentages, but the minimum by default is 50% of Coverage A.