Valuable Item Insurance

Valuable Items Coverage is a specialized form of insurance designed to protect high-value personal belongings that may not be fully covered under a standard homeowners policy. Items like engagement rings, fine jewelry, firearms, rare collectibles, musical instruments, and heirlooms often exceed the typical policy limits, leaving you underinsured in the event of loss, theft, or damage. Valuable Items Coverage ensures these prized possessions are protected with broader coverage and fewer limitations.

Why do you need it?

While your homeowners insurance offers some protection for personal belongings, it usually comes with per-item and category limits for certain high-value items. That means a stolen $10,000 ring might only be reimbursed up to $1,500 under your standard policy. Valuable Items Coverage fills that gap by providing coverage that matches the full worth of your items. It’s especially important for people who own items of sentimental or financial significance because peace of mind shouldn’t come with a coverage cap.

What does it cover?

Valuable Items Coverage can include:

Jewelry – Engagement rings, wedding bands, watches, and other fine pieces.
Firearms – Rifles, handguns, and collectible firearms.
Collectibles – Stamps, coins, sports memorabilia, and other collections.
Fine Art – Paintings, sculptures, and limited-edition prints.
Musical Instruments – Whether for performance or personal use.
Other High-Value Items – Antiques, designer handbags, or custom equipment.

Coverage typically applies to a wider range of risks such as mysterious disappearance or accidental loss and may not require a deductible. Items are usually appraised or scheduled individually to ensure accurate value protection.