What is a sublimit in my insurance policy?
By Bob Millaway, South Jersey Community Expert & REALTOR®
A sublimit is a lower coverage limit within your policy for specific types of property or losses. For example, your overall personal property coverage might be $100,000, but jewelry may have a $1,500 sublimit, and cash or electronics may have their own sublimits. Sublimits apply to categories insurers consider high-risk. If your jewelry is stolen, you would only receive up to the sublimit amount, not your full personal property limit. You can increase sublimits by adding scheduled personal property endorsements or riders for specific valuable items.
Why It Matters
Sublimits are a common source of surprise after a loss. A $10,000 engagement ring is not fully protected if your policy only covers jewelry up to $1,500.
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