What is the limit of coverage for valuable records and papers under the Building and Personal Property Policy?

The limit of coverage for valuable records and papers under the Building and Personal Property Policy is $2,500. This coverage is designed to protect certain types of important documentation and items that may not have a tangible value but are essential to a business's operations, such as contracts, customer lists, and financial records.

This $2,500 limit is stipulated in many standard insurance policies as a way to ensure that businesses have some financial protection against the loss of critical documents, which could hinder their ability to operate effectively. Understanding this coverage limit is essential for policyholders, as it helps them assess whether they need additional coverage or riders for particularly valuable records or papers that exceed this limit.

The other amounts listed are not typically associated with the standard limits for this type of coverage in the Building and Personal Property Policy, thus making $2,500 the correct answer to this question.