Policy limits are normally specified in the homeowners' insurance contract for some categories of personal property.

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Policy limits are often included in homeowners' insurance contracts for personal property such as jewelry, art, and electronics. These limits specify the maximum amount the insurance company will pay out for a covered loss. Exceeding the policy limit may require purchasing additional coverage or paying out of pocket for damages beyond the limit.

Policy Limits Are Normally Specified in the Homeowners' Insurance Contract