Typically, a homeowners policy does not provide the level of coverage you may need for fine arts, jewelry, furs, silverware or collectibles. You may need to schedule them separately.
Many people never realize how many valuable possessions they have accumulated over the years.
They may include the birthday gift you received last year, the painting that has been in your family for years, the jewelry that belonged to your great-grandmother, or your grandfather's antique desk. Your valuable possessions could include the collectibles you have spent a lifetime acquiring or maybe the pearl necklace and earrings, or the fur coat, you purchased while on vacation. With today's prices, it doesn't take long before you have a sizable investment in fine arts, jewelry, furs, or silverware. These things have all added value to your life. A typical homeowners policy, and occasionally even the Fireman's Fund Prestige Plus or Prestige Condo policies, does not provide the level of coverage some valuable possessions need.