Under an HO-3 policy, what is the maximum coverage amount for any one tree, shrub, or plant?

Under an HO-3 policy, the maximum coverage amount for any one tree, shrub, or plant is indeed $500. This coverage is part of the "other structures" section of the policy, which indicates that homeowners insurance provides limited coverage for landscaping features.

This limit applies to each individual plant, tree, or shrub that may be damaged due to covered perils such as fire, vandalism, or certain weather events. The rationale behind the coverage amount is to ensure that homeowners have some financial protection against the loss of these landscaping elements while balancing the overall coverage limits of the policy. This also encourages homeowners to maintain and care for their landscapes while also being aware that the coverage is not as extensive compared to other structures on the property, such as the dwelling itself.

It's important to note that when insuring your property, understanding the specific limits and coverage types can help in making informed decisions regarding personal property and overall protection.