South Carolina Personal Lines Practice Exam

What is the maximum coverage for personal property in a standard flood insurance policy?

1. 50,000 dollars

2. 100,000 dollars

3. 150,000 dollars

4. 250,000 dollars

The correct answer is: 250,000 dollars

The maximum coverage for personal property in a standard flood insurance policy is set at $100,000. This limit applies to individuals who have purchased a flood insurance policy for their personal belongings. It is important to note that the overall structure coverage for residential buildings is indeed higher, often up to $250,000, which is a common misconception. However, when specifically looking at personal property coverage, the limit is $100,000. This distinction helps clarify the differences between structural and personal property coverage within flood insurance. Understanding these specific coverage limits is crucial for individuals looking to protect their assets in flood-prone areas effectively.