Property & Casualty Exam Prep 22, Homeowners Special Limits and Scheduled Property

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Standard exam sublimits for money ($200), jewelry ($1,500), and firearms ($2,500). - Why theft-related sublimits for items like jewelry and silverware do not apply to other perils like fire. - The different on-premises ($2,500) and off-premises ($500-$1,500) limits for business property. - How the Scheduled Personal Property Endorsement provides agreed-value, open-peril coverage to bypass sublimits. - Why appraisals are necessary to schedule high-value items and how this impacts claim payments. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep