Example
Your homeowner policy has a $300,000 dwelling coverage limit. But within that, a mold sublimit might cap mold-remediation coverage at $10,000. A water limited-coverage sublimit might cap certain water damage at $10,000.
Common Florida sublimits
- Mold: typically $10,000 (sometimes higher if endorsed)
- Limited water coverage: $10,000 (post-SB 2A policies)
- Personal property contents: typically 50% of dwelling coverage
- Jewelry, firearms, electronics: specific sublimits per item
Why it matters
Sublimits can cap your recovery well below the actual loss. A mold loss that requires $30,000 of remediation will be capped at $10,000 if your policy has a $10,000 mold sublimit: unless the mold is a consequence of a covered peril, in which case the underlying peril coverage may apply instead.