Question

Under section 1 of a homeowners policy, is there a special limit for the theft of firearms?

1) True
2) False

Answer 1

Yes, under Section 1 of a homeowners policy, there is typically a special limit for the theft of firearms. This limit varies by policy, so it's crucial to consult the specifics of the insurance contract.

Step-by-step explanation:

Under Section 1 of a homeowners policy, there is indeed often a special limit for the theft of firearms. This limit is set in place because firearms are typically considered high-value items that are at increased risk of theft. These limits can vary depending on the insurance provider and the specific policy in question, so it is essential to review your policy or speak with your insurance agent to understand the coverage details fully. It's important to note that these special limits apply to the theft of firearms and not to other losses such as fire or water damage.