What is the maximum coverage for off-premises business property under Coverage C Limited Property?

The maximum coverage for off-premises business property under Coverage C Limited Property is indeed $500. This coverage specifically applies to personal property used in a business that is typically conducted away from the insured premises.

Coverage C Limited Property is designed to offer a capped amount of financial protection for items that the policyholder may use for business purposes while they are not at their primary location, such as tools or equipment used at job sites. The set limit of $500 aligns with the intent to provide a reasonable amount of coverage while also maintaining a balance with the overall risk exposure of the policy.

Understanding this limit is important for homeowners who also run a business from their home or need to transport equipment for work purposes. Knowing the boundaries of coverage can aid homeowners in making informed decisions about additional coverage options or endorsements that may be necessary if their off-premises business equipment exceeds this limit. This ensures that they have adequate protection tailored to their specific business needs.