Certain classes of property have specialized limits of coverage. There are several endorsements or separate policies to cover personal property items for higher limits of coverage. For basic Homeowners policies, a specific minimum limit of liability is required for each of the major property coverages, based on the primary amount of insurance selected. You can tailor your Homeowner s policy to meet your most exacting needs through the use of endorsements. These are modifications that alter your basic policy either by adding or removing certain coverages.
Special limits apply to certain items such as jewelry, watches and furs.
This provides broader, blanket coverage for valuable items such as jewelry, fine arts, silverware and computers. Water Back Up of Sewers or Drains. This endorsement covers you for a specific dollar amount if water backs up through a sewer or drain, or overflows from a sump pump. With a Homeowners policy, a deductible applies to the property portion of the policy. Your deductible is the amount you pay out of your own pocket before the insurance coverage takes over.