Special Limits on Property Coverage: What Homeowners Need to Know

Understanding the special limits on your property coverage is crucial for ensuring you're adequately protected. Let's break down the key areas:

Personal Belongings

Special limits often apply to:

• Money and securities

• Watercraft and trailers

• Business-related property

• Portable electronic equipment usable in vehicles
  

These limits apply to all causes of loss (fire, water, theft, etc.).

Theft-Specific Limits

Some items have limits only for theft:

• Jewelry and watches

• Furs

• Precious and semi-precious stones

• Firearms

• Silverware and goldware
  

Tip: These limits can often be increased by scheduling items. You'll need detailed appraisals with descriptions and photographs.

Property at Other Locations

Limits apply to personal property at:

• Second residences (e.g., vacation homes)

• Storage facilities
  

Typical limit: 10% of your primary residence's contents coverage Example: $250,000 primary coverage = $25,000 coverage at secondary location

Landscaping Coverage

• Covered on a Named Peril basis

• Usually provided as "additional" insurance

• Typical limit: 5% of dwelling limit Example: $500,000 dwelling limit = $25,000 landscaping coverage

• Per-item limit: Often $500 per tree, plant, or shrub

• Debris removal: Typically 5% of per-tree limit ($25 for a $500 tree limit)
  

Key Takeaways:

1. Review your policy to understand specific limits

2. Consider scheduling high-value items

3. Be aware of coverage limitations for secondary locations

4. Understand the constraints on landscaping coverage
   

Remember: These limits can vary by policy. Always consult your insurance documents or speak with a professional, such as a public adjuster, for specifics on your coverage.