Final answer:
In the event of jewelry theft, a homeowner's insurance policy will typically pay out up to the special limits set within the policy. There are sublimits for the theft of personal property like jewelry, and to get more coverage, policyholders need to buy additional endorsements.
Step-by-step explanation:
If jewelry is stolen and the owner has a homeowner's policy, the insurance company would typically pay up to the special limits specified in the policy. Homeowners insurance policies often have a sublimit for theft of personal property, including items like jewelry, meaning there is a maximum amount the insurer will pay for the loss of these specific items. To get coverage above these set limits, policyholders usually need to purchase additional coverage or endorsements.
It's essential that the owners review their policy details to understand the coverage limits, as there might be different sublimits based on the type of item stolen or the cause of loss. Generally, insurance companies will not pay unlimited amounts for claims, as policies have caps to limit the insurer's exposure to large losses.