Do I Need Extra Coverage for My Jewelry, Art, or Firearms?

​Standard home insurance policies often have limits on high-value items like jewelry, firearms, and art.

​Learn when to consider extra coverage to properly protect your valuables.

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Your homeowners insurance covers a lot—but when it comes to high-value items like engagement rings, fine art, or firearm collections, there may be hidden coverage limits that leave you exposed.

​That’s where scheduled personal property coverage (or valuable items endorsements) comes in.
Here’s how to know if your prized possessions are protected—or if you may need to add extra coverage.

🏠 What Does Standard Home Insurance Cover?
A typical homeowners policy includes personal property coverage—the portion of your policy that protects your belongings from things like:

• Fire
• Theft
• Vandalism
• Certain natural disasters

But there are sub-limits on certain types of items, especially if they’re lost to theft.

📉 Common Sub-Limits (May Vary by Carrier)

      Category Typical Theft                      Coverage Limit
      Jewelry & Watches                            $1,500 – $2,500 total
      Firearms                                               $2,000 – $2,500 total
      Fine Art/Antiques                                $1,000 – $5,000
      Silverware/Goldware                          $2,500
     Collectibles/Memorabilia                   $1,000 – $2,500
      Cameras/Electronics                         $1,000 – $3,000
💡 If your engagement ring is worth $8,000 and your policy only covers $1,500 for theft—you could be left paying the difference.

🧾 What Is Scheduled Personal Property Coverage?
Scheduling an item means listing it individually on your policy with a separate coverage limit.
✅ This type of coverage:

• Offers full protection beyond standard sub-limits
• Often includes “mysterious disappearance” (i.e., if your ring is lost—not just stolen)
• Typically has no deductible for those items

📷 You’ll usually need an appraisal or proof of purchase to schedule high-value items.

🔫 What About Firearms?
If you’re a collector or own firearms for sport or protection, your standard coverage may only go so far. Firearms are often subject to theft-specific limits, and may not cover:

• Customization or upgrades
• Full replacement value
• Accidental damage or loss

🛡️ You may want to:

• Schedule high-value firearms individually
• Consider a separate firearm insurance policy if your collection is extensive

🎨 Artwork, Antiques, and Heirlooms
For items that are one-of-a-kind or hard to value, it’s especially important to review coverage carefully. Some items may fall under policy limits that don’t reflect their true market or sentimental value.

✔️ If you’d be devastated or financially burdened by losing the item—consider scheduling it.

💡 Quick Self-Check: Do I Need Extra Coverage?Ask yourself:

• Do I own a single item worth $1,000+ (jewelry, art, firearm, etc.)?
• Would it be covered in full if it were stolen or lost?
• Do I have documentation or appraisals?
• Would I want to avoid paying a deductible on that item?

If you answered yes to any of these, let’s talk about your options.

🏁 Final Thoughts
Insurance should protect the things you value most—but unless you’ve reviewed your policy closely, your most prized possessions might not be as protected as you think.

Want us to review your policy and see if your valuables are fully covered?
Corin Insurance Group can help you identify gaps and make sure your protection fits your lifestyle and your belongings.

Disclaimer:
This article is for general informational purposes and does not constitute insurance advice. Coverage limits and endorsement availability vary by insurance carrier and location. Always consult your licensed insurance agent for personalized recommendations based on your policy and property.