The single item limit is the maximum your contents policy may pay for one item, such as a laptop, bicycle, jewellery or artwork. A cheaper policy may have a lower limit, so check whether the item's value exceeds it and whether you need to list it separately as a specified item. The limit can apply to theft, accidental damage or other insured events, depending on the policy wording. Compare cover limits and exclusions as well as the premium, and ask an FCA-authorised insurer or broker if you are unsure how to cover a valuable possession.