A typical homeowners policy provides some coverage for watches, jewelry, and other expensive items. However, the coverage provided for these items is usually limited and not that high. This helps keep the overall cost of the policy low. If you own valuable items, there are two ways that you can ensure that they’re fully covered: Increase the limit of the liability – This is the cheapest way to get coverage for a specific item. Keep in mind that the amounts are still limited. Buy a floater – Buying a floater and scheduling your valuables offers the greatest protection. However, it will cost you more money. A floater provides coverage for any kind of losses—including accidental. Prior to purchasing one, you will need to have the value of your items appraised by a professional.