What are the sublimits for stolen cash and securities under a typical homeowners policy?

The sublimits for stolen cash and securities under a typical homeowners policy are set to manage the risk associated with these types of losses. In this case, the correct sublimits are $200 for money and $1,500 for securities.

Specifically, the $200 limit for stolen cash reflects a standard part of homeowners insurance policies, which recognizes that loss of cash can occur but also suggests a threshold to limit the insurer's exposure to large claims for cash loss. The $1,500 limit for securities accounts for the fact that securities can represent a higher value and are more complex to track and control compared to cash.

These sublimits ensure that while policyholders have some coverage for these specific types of losses, they also carry a responsibility to manage their high-value items without relying solely on their homeowners policy. This setup encourages policyholders to acquire additional coverage or specialized insurance if they hold cash or securities of significant value beyond these limits.