What is the primary aim of including special limits in homeowners policies?

Including special limits in homeowners policies serves to restrict certain claims, particularly for specific types of personal property that may be more susceptible to loss, theft, or damage. These limits are set to cap the amount of coverage available for these items, typically because they tend to have more volatile values or higher rates of loss associated with them.

By implementing these special limits, insurers aim to minimize losses that could arise from frequent or costly claims on high-value items such as jewelry, art, or collectibles. This practice helps in managing risk effectively for insurers and ensures that policyholders understand the scope and limits of their coverage for specific types of property. Consequently, it encourages the insured to seek additional policies or endorsements if they wish to have greater protection for these valuable items.