Other Than Life (OTL) Practice Exam

In which of the following categories is there no special limit regarding theft?

1. Jewellery, watches and furs

2. Coins

3. Computer hardware

4. Bicycle

The correct answer is: Computer hardware

The category of computer hardware does not have a special limit regarding theft because it is often covered under standard property insurance policies without specific sub-limits associated with theft. In many cases, computer hardware is treated as personal property, allowing for broader coverage in case of loss or damage due to theft. In contrast, categories such as jewellery, watches, furs, and coins typically come with sub-limits in standard insurance policies. These items are often more valuable, can be easier to steal, and may require additional coverage or endorsements to ensure complete protection. Bicycles, while they may also have specific limits, often have coverage under personal property but generally do not exceed certain thresholds like high-value items in the other categories. Therefore, it is the nature of the property and the standard practices within insurance underwriting that makes computer hardware unique when discussing limits related to theft coverage.