What if terrorists bomb your house? Fer Gregory / If you can’t get enough coverage through your homeowners plan, you may want to take out a separate policy specifically for your valuables. Unfortunately, even these riders can have limitations, such as covering only up to $10,000 per item, for example.

You should be able to buy a rider for high-value items. Some policies may also limit coverage for the contents of your home to a certain percentage of the home’s value. Insurance company Travelers notes that standard homeowners policies may restrict payouts for valuable items, which can include: Even then, your insurance company may not pay the whole amount. The collection is unlikely to be covered unless your homeowners insurance policy has a rider specifically for it. And in all that fine print, there are likely exceptions and exclusions to that coverage that might surprise you.ĭo you really know what your polices cover? Here’s a little quiz to test your knowledge: What if your $50,000 stamp collection goes up in flames with your house? Radim Ratnikov / Yet, chances are good that you’re spending a lot of money on such coverage each month. If you have a home or car, you need insurance.

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