If a grave marker is damaged by vandals and costs $3,000 to repair, how much would the homeowners policy pay?

If a grave marker is damaged by vandals and costs $3,000 to repair, how much would the homeowners policy pay?

• A. $1,000
• B. $3,000
• C. $0
• D. $500

Answer: (B)

The homeowners policy typically provides coverage for grave markers under personal property provisions. In this scenario, the damage to the grave marker caused by vandalism would fall under personal property coverage. The policy generally allows for a specific limit for grave markers, which is usually capped at a certain amount per grave marker, often around $5,000. Since the cost to repair the damage is $3,000, which is within the policy limits, the homeowners policy would pay the full cost of repair. This reflects the coverage provided for personal property when it is damaged due to vandalism. Therefore, the correct response is that the homeowners policy would pay $3,000 for the repair of the grave marker.

The homeowners policy typically provides coverage for grave markers under personal property provisions. In this scenario, the damage to the grave marker caused by vandalism would fall under personal property coverage. The policy generally allows for a specific limit for grave markers, which is usually capped at a certain amount per grave marker, often around $5,000.

Since the cost to repair the damage is $3,000, which is within the policy limits, the homeowners policy would pay the full cost of repair. This reflects the coverage provided for personal property when it is damaged due to vandalism. Therefore, the correct response is that the homeowners policy would pay $3,000 for the repair of the grave marker.