Do renters policies cover personal property such as jewelry, furs, firearms, or silverware?
A standard renters policy covers limited “named perils” (see How does a renters policy protect my personal property?) for certain types of personal property. For example, the policy limit is $200 for loss of money, $1000 for loss of securities, and $1000 total for theft of jewelry, watches, and furs. Other types of property with limited coverage amounts include: firearms, watercraft and their trailers, other trailers, silverware, business personal property on the residence premises, and business personal property away from the residence premises. If you own any of these types of items, you can buy a scheduled personal property endorsement. (Endorsements are optional agreements which alter the provisions of your main renters policy.) This allows you to buy more coverage for your valuable possessions. Each item is specifically described and has a separate limit of insurance. An additional benefit of this endorsement is that it provides coverage for this property on an “all risk” or “open
