Under Homeowners Forms, certain Personal Property articles are subject to "Special Limits." Which of these is NOT subject to those limits?

In the context of Homeowners Forms in insurance policies, "Special Limits" refer to specific caps on the amount an insurer will pay for certain categories of personal property in the event of a covered loss. These limits are established to manage risk and ensure that valuable items are adequately insured while preventing excessive payouts for high-value goods that may require distinct coverage.

A gold watch valued at $1,800 is not subject to these "Special Limits" because it falls outside the typical categories of property that are capped by insurance policies. The categories that usually have special limits often include items such as jewelry, furs, and certain types of collectibles, which are typically more prone to theft or loss and therefore need more specific attention in terms of insuring them properly.

In contrast, items like computer games and software, mountain bikes, and coin collections do usually have specific limits in homeowners insurance policies, as they can be easily lost, stolen, or damaged, making them significant concerns for both insurers and policyholders. These limits are designed to protect both parties, by ensuring that losses for these specific categories don’t exceed set amounts.