What is the exception in the limitations specified by the broad theft coverage endorsement?

The broad theft coverage endorsement includes specific limitations on certain categories of property coverage that are subject to caps in the event of theft. The exception noted here pertains to the limits placed specifically on silverware, where a coverage limit of $1,000 applies. This limit is distinctive in that it recognizes the value of silverware as a significant asset, yet still imposes a cap on the payout in the event of loss. Understanding these limitations is crucial in property insurance, as they inform policyholders about potential recovery amounts for specific categories of belongings.

The other options reflect coverage limits for different categories of personal property but do not represent the same specific exception as silverware. For instance, while there are indeed limits on money, securities, and jewelry, the question specifically asks about the unique exception regarding silverware coverage, making this the correct focus for the broad theft coverage endorsement.