What is the maximum flat amount for coverage of money and bank notes?

In North Carolina, the maximum flat amount for coverage of money and bank notes is set at $200. This limit is important for homeowners and property policies, as it defines the extent of coverage in the event of theft or loss of cash and similar instruments.

Understanding this limit helps policyholders recognize the need for additional coverage or riders if they regularly handle significant amounts of cash, as the standard coverage may not be sufficient to protect against losses adequately. Policies typically delineate these specific limits to provide clarity and allow consumers to make informed decisions about their insurance needs.

With regard to the other choices, amounts like $500, $1,000, or $1,500 exceed the established limit, underscoring the importance of knowing the standard coverage provisions to ensure that individuals are aware of what is included in their property insurance policies.