Your home insurance policy pays out a maximum amount, or limit, when it comes to certain property. In case of a loss, your indemnity will never exceed the amount stated under the policy.
If you feel that the limits are lower than the value of some of the items you own, talk to your home insurer or broker and ask for a higher coverage for them.
Property for which coverage is limited under most insurance policies, regardless of the type of loss covered
| Animals |
$2,000 |
| Boats |
$2,000 |
| Gold or silver bars, bank notes and cash |
$200 |
| Software |
$2,000 |
| Lawn tractors, equipment trailers |
$5,000 |
| Securities |
$2,000 |
| Personal property used for professional activities |
$2,000 |
| Bicycles (including equipment and accessories) |
$2,000 |
| Sports and artistic personality cards |
$2,000 |
Property for which coverage in case of THEFT is limited under most insurance policies
| Wine and spirits |
$5,000 |
| Jewellery |
$2,000 |
| Furs |
$2,000 |
| Manuscripts/stamps/coins |
$2,000 |
| Objects made of silver or gold |
$5,000 |
| Audio and video media (including CDs and DVDs) |
$2,000 |
| Works of art |
$10,000 |
| Collections |
$2,000 |
