All Homeowners policies have limitations on certain classes of personal property, such as Jewelry, Firearms, Collectibles, Silverware/China and Antiques. Additionally, ‘accidental loss’ (I lost an earring) of these items is typically not covered by the unendorsed homeowners. While you do receive some basic coverage for these items on your policy, they will be subject to the policy deductible. There is a Solution.
Scheduling these types of personal property on a separate endorsement or policy eliminates many of the homeowner deficiencies. For example: when you schedule items there is no deductible, the coverage is broader (includes accidental loss) and you can pre determine the property value.