A client has $250,000 of Coverage C (personal property) on their homeowners policy. They experience a theft of jewellery worth $15,000. Why might their recovery be less than expected?

COVERAGE C SUBLIMITS: Standard HO policies impose SUBLIMITS for specific high-value categories within the overall Coverage C limit. Common sublimits: Jewellery, watches, furs: $1,500-$2,500 for theft; Cash and bank notes: $200; Securities and deeds: $1,500; Silverware and goldware: $2,500; Watercraft: $1,500; Guns: $2,500; Business property (on premises): $2,500; PRACTICAL IMPACT: A $250,000 Coverage C policy does NOT pay $15,000 for stolen jewellery — the sublimit ($1,500 typical) caps recovery regardless of how much coverage was purchased; SOLUTION: Scheduled personal articles floater or endorsement — lists specific items (jewellery, art, musical instruments, collections) with agreed or appraised values; typically no deductible; covers worldwide; no sublimit restriction; ADJUSTER/AGENT ROLE: Identify high-value property at application; recommend scheduling; document sublimit application clearly on claims.