South Carolina Personal Lines Practice Exam

How much are grave markers covered for under an HO policy?

1. Up to $2,500

2. Up to $5,000

3. Up to $7,500

4. Up to $10,000

The correct answer is: Up to $5,000

Under a homeowners (HO) policy, grave markers are typically covered for up to $5,000. This coverage is part of the personal property portion of the homeowners insurance policy, which provides financial protection for personal belongings. The limit of $5,000 reflects the specific provision for grave markers, allowing policyholders some peace of mind regarding expenses related to memorials for deceased family members. Understanding this coverage is important for homeowners as it may influence their overall decision about the amount of insurance they require for personal property, particularly in instances involving loss of life and the associated expenses.