South Carolina Personal Lines Practice Exam

Grave Markers coverage under HO policies is available for what amount?

1. 2500

2. 3000

3. 5000

4. 7000

The correct answer is: 5000

Grave Markers coverage under Homeowners (HO) policies is typically available for up to $5,000. This coverage is intended to protect the grave markers and tombstones of deceased family members in the event of theft or damage. In the context of a Homeowners policy, this provision acknowledges the importance of preserving family heritage and memorialization. The $5,000 limit is a standard amount that reflects the common value of grave markers, allowing policyholders to have peace of mind about protecting these significant memorials against losses. Having this specific coverage in the policy highlights the comprehensive nature of Homeowners insurance, as it not only protects the dwelling and personal property but also extends to the meaningful items related to family history and memorials.