What is the limit for coverage on jewelry and furs under the DP policy?

The limit for coverage on jewelry and furs under a Dwelling Policy (DP) is indeed $1,500. This amount represents the maximum that an insurance policy will pay for theft of jewelry, watches, furs, and related items. This limit is set to provide a reasonable amount of coverage while also managing the insurer's risk.

In the context of a DP policy, personal property is typically covered, but high-value items like jewelry and furs have specific sub-limits because they are more prone to theft and loss. Coverage beyond this limit would generally require an endorsement or separate policy to adequately insure these valuable items.

Understanding these limits is crucial for homeowners to ensure they have adequate coverage for their personal belongings, particularly for high-value items that might exceed the standard limits provided in a basic policy.