Final answer:
Under a homeowners policy, personal property such as clothing, linens, and furniture would typically have separate limits. Securities, which are financial investments such as stocks and bonds, would not be covered.
Step-by-step explanation:
Under a homeowners policy, personal property such as clothing, linens, and furniture would typically have separate limits. However, securities, which are financial investments such as stocks and bonds, would not be covered under a homeowners policy. The separate limits mean that there is a maximum amount that the insurance company would pay out for each type of personal property in the event of a covered loss. For example, if the policy has a limit of $20,000 for clothing, the insurance would reimburse up to that amount for clothing damages or loss.