Dollar Limitations

The following information applies to an HO 3 Policy which is the most purchased Homeowners Insurance Policy. Should the policy you currently have is any other than an HO 3 and have any questions pertaining to coverage, we encourage that you seek the aide of an insurance expert who can help answer any questions and assist you with the review of coverage offered by the policy you currently have or are thinking about purchasing.

There is no standard policy that will cover all sources of damages and depending on the policy you carry you may find limitations on the dollar amount for the reimbursement of coverage that will be provided for specific personal property.

Additional coverage may be applied through “endorsements”, “floaters” and “riders” (if made available) to meet your needs of insurance coverage (protection).

Exclusions to the following coverage on personal property can be found under Section I (Coverage C) Personal Property Coverage.


A limit of $200 Dollars.
 
Coverage is limited to the above dollar amount towards coverage on money, bank notes, bullion, gold other than goldware, silver other than silverware, platinum, coins and medals.

Coverage is limited to the above dollar amount to all causes of loss including theft. Keep in mind that the limit of the above dollar amount may be increased by applying an endorsement.


A limit of $1,000 Dollars.
 
Coverage is limited to the above dollar amount towards the coverage on securities, accounts, deeds, evidence of debt, notes other than bank notes, manuscripts, personal records and passports.

The dollar limitation will be paid out towards the cost and research to replace or restore the information from the damaged or lost material covered by a listed peril (damages from certain circumstances) under your Homeowners Insurance Policy.

Coverage is limited to the above dollar amount to all causes of loss including theft. Keep in mind that the limit of the above dollar amount may be increased by applying an endorsement.


A limit of $2,5000 Dollars.
 
Coverage is limited to the above dollar amount towards the coverage on the loss by theft of silverware, silver plated ware, hollowware, tea sets and awards or trophies made of silver gold or pewter.

Coverage is limited to the above dollar amount to the cause of theft only. Keep in mind that the limit of the above dollar amount may be increased by applying an endorsement.


A limit of $2,000 Dollars.
 
Coverage is limited to the above dollar amount towards the coverage on the loss by theft of firearms.

Coverage is limited to the above dollar amount to the cause of theft only. Keep in mind that the limit of the above dollar amount may be increased by applying an endorsement.


A limit of $1,000 dollars.
 
Coverage is limited to the above dollar amount towards the loss by theft of jewelry, watches, furs and precious stones.

Coverage is limited to the above dollar amount to the cause of theft only. Keep in mind that the limit of the above dollar amount may be increased by applying an endorsement.


A limit of $1,000 Dollars.
 
Coverage is limited to the above dollar amount towards the coverage on trailers not used in watercraft.

Coverage is limited to the above dollar amount to all causes of loss including theft. Keep in mind that seeking a boat insurance policy may best suit you, depending on your needs of insurance coverage.


A limit of $1,000 Dollars.
 
Coverage is limited to the above dollar amount towards the coverage on trailers, watercraft and its furnishings, equipment and outboard engines or motors.

Coverage is limited to the above dollar amount to all causes of loss including theft. Keep in mind that seeking a boat insurance policy may best suit you, depending on your needs of insurance coverage.


A limit of $250 Dollars.
 
Coverage is limited to the above dollar amount towards business property locate off the residence premises.

Coverage is limited to the above dollar amount to all causes of loss including theft. Keep in mind that the limit of the above dollar amount may be increased by applying an endorsement.


A limit of $2,500 Dollars.
 
Coverage is limited to the above dollar amount towards the coverage on business property located on the residence premises.

Keep in mind that this limit does not apply to the loss of adaptable or electronic apparatus specifically described within your Homeowners Insurance Policy.

Coverage is limited to the above dollar amount to all causes of loss including theft. Keep in mind that the limit of the above dollar amount may be increased by applying an endorsement.


A limit of $1,000 Dollars.
 
Coverage is limited to the above dollar amount towards the loss of electronic apparatus in a car.

This coverage will include coverage for cellular phones.

Coverage is limited to the above dollar amount to all causes of loss including theft. Keep in mind that the limit of the above dollar amount may be increased by applying an endorsement.


A limit of $1,000 Dollars.
 
Coverage is limited to the above dollar amount towards the loss of electronic apparatus while away from the residence premises and used for business purposes.

Coverage is limited to the above dollar amount to all causes of loss including theft. Keep in mind that the limit of the above dollar amount may be increased by applying an endorsement.