Which statement is true regarding coverage limits for stolen property under homeowners insurance?

The correct statement regarding coverage limits for stolen property under homeowners insurance is that certain items have specific limits. In homeowners insurance policies, various types of personal property, such as jewelry, furs, firearms, and collectibles, often have specified coverage limits. This means that if these items are stolen, the insurer may only cover their value up to the predetermined limit specified in the policy. This limitation is important because it protects insurers against potentially high claims while encouraging policyholders to secure valuable items appropriately, for example, by obtaining additional coverage or endorsements for high-value items.

Understanding this provision is critical for homeowners to ensure they have adequate protection for their personal property and to avoid significant personal loss in the event of theft.