Meet Pearl, isn’t she a gem? Speaking of pearls and gems, did you know that
you may have special limits on your most treasured items? Here’s what you need to know about Special Limits of Insurance.
What’s a Special Limit? This is the most an insurance company will pay for insured loss or damage for a specific type of personal property.
The types of personal property that commonly have special limits applied are:
- Jewelry
- Watches
- Money
- Bicycles
- Securities
- Water Craft
- Utility Trailers
- Gems
- Furs
- Collectibles
- Business Property, while on your premises
- Business Property of others
If you're worried about your property or have ever experienced a loss, take Pearl's advice and find out what your special limits are by contacting your broker today!
If you need to insure these items for more than the applicable limit on your policy, simply ask your broker to schedule them for you.
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