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Valuable items insurance offers coverage for possessions of monetary value greater than what would be offered through your Homeowner's policy. This would include items such as a diamond engagement ring, your grandfather's pocket watch, or a valuable collection of art. Most homeowner's policies have limits on the dollar amount and type of loss you can recover. Valuable Item insurance will provide the protection you need for your most valuable possessions in the event of loss through theft, accident or natural disaster.