North Dakota Property Practice Exam 2026 - Free Property Practice Questions and Study Guide

In commercial crime coverage, the special per occurrence limit for loss or damage to precious metals, stones, and other specified items is $5,000. This amount reflects the insurance industry's approach to risk associated with high-value items typically targeted for theft or loss. This limit is designed to provide a balance between offering some coverage for these valuable items while also managing the insurer's risk exposure given the higher potential costs associated with claims for losses in this category.

Understanding this limit is crucial for businesses as they assess their coverage needs and evaluate the adequacy of their insurance policies concerning valuable assets. By knowing the specific limit, businesses can make informed decisions about additional coverage or risk management strategies that might be necessary given the value of their precious items.

The other amounts provided in the choices do not align with the standard limit for commercial crime coverage, which specifically sets the limit at $5,000 for specified items like precious metals and stones.