What is the maximum coverage for each glass plate damaged by vandals under a broad form building and personal property policy?

What is the maximum coverage for each glass plate damaged by vandals under a broad form building and personal property policy?

• A. $50
• B. $100
• C. $200
• D. $300

Answer: (B)

In a broad form building and personal property policy, the maximum coverage for glass plate damage caused by vandals is set at $100 per plate. This reflects the insurer's standard limit for glass plate coverage, which is specifically tailored to address occurrences related to vandalism. Such a limit helps manage risk and cost exposure for insurers while providing policyholders with a specified amount of financial protection in the event of damage. The other amounts do not align with the coverage terms outlined in the typical policy and thus would not be considered accurate coverage limits for glass plate damage.

In a broad form building and personal property policy, the maximum coverage for glass plate damage caused by vandals is set at $100 per plate. This reflects the insurer's standard limit for glass plate coverage, which is specifically tailored to address occurrences related to vandalism. Such a limit helps manage risk and cost exposure for insurers while providing policyholders with a specified amount of financial protection in the event of damage.

The other amounts do not align with the coverage terms outlined in the typical policy and thus would not be considered accurate coverage limits for glass plate damage.