Which item would likely require a separate policy beyond standard homeowners insurance?

Jewelry and fine arts often have values that exceed the standard coverage limits found in a typical homeowners insurance policy. Homeowners insurance usually provides coverage for personal property, but there are often specific limitations on high-value items. For instance, jewelry may be covered up to a certain dollar amount—often around $1,000 to $2,000—depending on the policy. Similarly, fine art collections can be subject to similar limitations that do not adequately cover their true value.

To ensure adequate protection for these valuables, homeowners often need to purchase a separate policy or an endorsement to their existing policy that specifically addresses jewelry and fine arts, providing a higher limit of coverage and possibly additional protections that are not included in a standard homeowners policy. This specialized coverage can offer peace of mind that precious items are fully insured against risks like theft, loss, or damage.