Sublimit
Insurance Glossary
A cap inside a coverage that limits payment for a particular category of property or type of loss below the overall coverage limit. Homeowners policies apply them to jewelry, cash, firearms, business property and similar categories, so a large personal property limit does not mean each item is fully covered. Raising a sublimit generally requires scheduling the items or adding an endorsement.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.