If you own valuable items such as fine art, jewelry, or rare collectibles, standard homeowner's insurance may not provide adequate protection. For high-value possessions, you might need to purchase scheduled personal property insurance, which allows you to insure specific items for their appraised value.

This type of insurance covers a broader range of risks, including accidental damage or loss, which is especially important if your valuables are frequently used or displayed. Having this extra layer of protection ensures that your most prized possessions are fully covered.

‚Äç