Which of the following is true about additional coverages under a homeowners policy?

The statement that additional coverages provide limited coverage for specific situations is accurate. In a homeowners policy, additional coverages are indeed included automatically and are designed to address particular risks that may not be covered under the standard policy. These coverages can include items such as debris removal, the reasonable expenses incurred while relocating after a loss, and coverage for liability claims.

However, it is important to note that while these additional coverages are part of the policy, they typically come with specific limits, meaning there is a cap on how much the insurer will pay for those particular circumstances. This allows policyholders to have some degree of extra protection without burdening them with additional premiums or complex endorsements.

The other options either misstate the nature of additional coverages or their function within the policy. For example, they are automatically included but do have limits, and they typically do not require extra premiums or cover solely damages to personal property.