My insurance company has limits on certain items (collectables, electronics, etc). However, last time I renewed I must have asked the agent three times about bicycles and other sporting goods and she was clear that they were fully covered.
Recently it was time to renew again so I shopped around and discovered that many of the other companies required separate insurance to get the level of bicycle coverage I desired. In the end stayed with state farm instead of switching to the lower priced meloche monex that had a cap on sporting goods.