What is the sublimit for money under a standard insurance policy?

In standard homeowners insurance policies, there is typically a specific sublimit for coverage of money, which often applies to cash, bank notes, currency, and similar items. This sublimit is established to manage the insurer's risk associated with the cash and similar assets, as these items are highly portable and can pose a greater risk of loss or theft compared to other insured possessions.

The sublimit can vary by policy, but in many cases, the common limit set is $200. This amount recognizes the need to provide some level of coverage for money while simultaneously protecting the insurance company from excessive claims related to cash loss. Therefore, the choice that reflects this standard sublimit accurately is the option indicating $200, which aligns with commonly accepted terms in policy definitions.

Understanding this sublimit is crucial for policyholders, as they need to be aware of their coverage limitations and consider additional coverage if they hold significant amounts of cash.