Which type of asset is often specifically limited in coverage under a standard Homeowners Policy?

Jewelry is often specifically limited in coverage under a standard Homeowners Policy due to its high value and the unique risk it poses. Homeowners Policies typically provide coverage for personal property on a named perils basis, meaning that certain high-value items, including jewelry, may have a sublimit that restricts the amount of coverage available in the event of loss or theft.

This is because jewelry can be quite valuable and can easily be stolen or lost, creating more frequent claims that insurance companies face. Therefore, to manage risk and keep premiums manageable, policies often limit the coverage for such items unless a rider or endorsement is purchased to extend coverage and enhance protection.

In contrast, other items like furniture, clothing, and household appliances generally do not have such specific limitations in standard policies, as they are typically not viewed as having the same level of risk or value as jewelry. Thus, while they are covered under the broader personal property coverage, their losses won't encounter the same restrictions.