If you would like to make sure your irreplaceable items such as jewelry, art, wine, antiques, family heirlooms, etc. are sufficiently covered, you need a collectibles insurance policy. Whether these priceless items need to be covered because of loss, theft, or damage, a separate policy from your homeowners’ insurance is necessary.

The items that you would like to cover should be valued and appraised by a professional to determine the sufficient coverage amount. The cost of collectibles insurance can vary depending on the value and rarity of the items being insured.