What is the maximum amount covered for stolen personal property under Coverage B?

The correct answer is $2,500, which is the maximum amount covered for stolen personal property under Coverage B. This coverage typically applies in a renters or homeowners insurance context, where individuals are protected against loss or damage to their personal belongings, including personal property stolen from their residences.

The rationale behind this amount is based on the intention to provide sufficient coverage for common personal items that one might typically own, such as electronics, clothing, and furniture, without over-insuring less costly items. $2,500 strikes a balance between offering comprehensive protection for the average person while managing the insurance company's risk exposure.

It is important to have a clear understanding of these coverage limits, as they guide policyholders in knowing what financial protection is available to them. Knowing the specific limits can help when assessing the need for personal property endorsements or additional coverage, should an individual's belongings exceed standard coverage limits. This context is crucial for anyone studying insurance policies as it underscores the importance of understanding coverage specifics and limits when selecting or managing an insurance policy.