What claim amount will Noreen's Personal Articles Floater pay for her ruined camera?

The Personal Articles Floater is designed to cover specified personal property that is not adequately protected under a standard homeowners insurance policy. This coverage typically provides a higher level of protection and is often chosen to insure items of higher value or special significance, such as expensive electronics or collectibles.

In the context of Noreen's claim for her ruined camera, the amount that the Personal Articles Floater will pay is determined by the coverage limit that has been specifically selected for that item on the policy. If the coverage limit set for the camera is $5,000, then this policy would provide that amount in the event of a loss, assuming all other conditions of the policy are met.

Thus, the correct claim amount of $5,000 makes sense within the structure of the Personal Articles Floater, as it is typical for insured items to be explicitly limited to their declared value, which in this case pertains directly to the specified coverage limit chosen by Noreen. This is essential for determining how much reimbursement can be expected when a covered loss occurs.