What is the maximum coverage limit per occurrence for Commercial Plate Glass Coverage?

The correct coverage limit per occurrence for Commercial Plate Glass Coverage is $500. This type of insurance is specifically designed to cover damage to large glass panes used in commercial settings, such as storefront windows or glass doors.

The $500 limit reflects a typical threshold determined by insurers in the industry for standard glass coverage. This amount is considered adequate for smaller panes of glass commonly found in commercial properties. Commercial insurance policies often delineate specific coverage limits for various types of risks and property, ensuring that businesses have reasonable financial protection against glass breakage without overextending coverage that may not be necessary for all policyholders.

Understanding the rationale behind the set limit helps businesses align their coverage with their specific risks and needs. Selecting a coverage amount within this framework can prevent businesses from paying for excessive coverage that doesn’t match their actual exposure.