What does the "dollar limit" on my renters insurance policy mean?

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A dollar limit is a cap on the amount of coverage offered for certain types of property, for example a pair of earrings. Dollar limits are usually applied to rare, expensive, or fragile items.

If you own property that's subject to dollar limit and you want more coverage for it, you can usually buy a floater (also called a rider or endorsement) for your policy that will increase the dollar limit for that specific item.