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Karl is mugged while vacationing in Times Square, and his wallet is stolen. Although Karl had not left home without his American Express credit card.He

Karl is mugged while vacationing in Times Square, and his wallet is stolen. Although Karl had not left home without his American Express credit card.He was also carrying $500 in cash.

How much, if anything, will Karl's standard homeowners policy (2011 edition) with no applicable endorsements cover?

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