Every policy wording has limitations. A limitation is an agreed upon amount where the insurance is cut off. Unless you have an endorsement attached to the policy that overrides the limitation then you cannot claim beyond that amount. A limitation could also be when a certain condition occurs - then coverage is not there.

Home, tenants, condo unit owners-type policies have limitations of amounts paid out for items such as cash, stamp or card collections, identity theft and credit card theft. Other areas such as fine arts and jewelery have limitations if the loss is a result of theft or mysterious disappearance.

It is important to read over your wording and refer any questions or concerns to your broker or agent.