How much will Craig's HO-3 policy pay for the burglary at his cabin?

The HO-3 policy typically provides coverage for personal property within the home, but it has specific limits for certain types of items or circumstances. In this case, if Craig's HO-3 policy stipulates coverage for theft or burglary at his cabin and the total loss incurred aligns with the standard coverage limits outlined in the policy documentation, then a payout of $15,000 could be warranted based on the specifics of the situation, such as the overall loss and policy stipulations.

The policy generally includes replacement cost coverage for personal property, up to the limits provided. If this loss from the burglary resulted in damages or stolen items valued at near this limit and was followed by proper reporting and verification procedures, then the policy would respond appropriately, providing coverage that matches the described scenario.

Thus, the correct answer of $15,000 reflects a situation where the loss surpasses specified lower limits, is not excluded under the policy, and is adequate in relation to Craig's coverage for personal property.