How much coverage is provided under a homeowners policy for theft or unauthorized use of a credit card?

Under a homeowners policy, coverage for the theft or unauthorized use of a credit card typically provides up to $500. This coverage is designed to protect policyholders from the financial losses associated with the fraudulent use of their credit cards, including unauthorized transactions and related expenses. The $500 limit reflects a balance between providing significant financial support to the homeowner while also managing the insurance provider's risk.

The other coverage limits, such as $100, $1,000, or $5,000, exceed the standard amount provided in most homeowners policies for this specific type of loss, which is why they do not represent the correct amount of coverage. Understanding this limit helps homeowners ensure they're aware of the extent of their protection in the event of credit card fraud or theft.