What is the percentage of Coverage C limits for loss by theft of silverware under the mandatory special provisions?

In the context of homeowners insurance policies in North Carolina, Coverage C pertains to personal property coverage. Under the mandatory special provisions, specific limitations apply to certain types of personal property, including silverware. The correct percentage for loss by theft of silverware is set at 25% of the total Coverage C limits.

This distinction is crucial because many homeowners may not be aware that special limitations exist for certain valuable items. The higher percentage reflects the recognition that items such as silverware are perceived as valuable and therefore are subject to greater risk of theft. By establishing this specific threshold, insurance providers aim to ensure adequate protection while also managing the inherent risk with high-value items.

Understanding this provision helps policyholders comprehend their coverage limits better and make more informed decisions regarding additional coverage or endorsements for their valuable personal property.