Benefits of valuables insurance
Increased coverage: You current home, renters', or condo insurance policy may have something called 'sub-limits'. This means you may have $100,000 in personal property coverage, but only $5,000 of coverage on jewelry. If you own a piece worth $10,000, you won't receive more than $5,000 is something were to happen to that piece.
Accidental loss coverage: Most insurance policies won't offer you any kind of protection if you accidentally lose a valuable item. If you lose a piece of jewelry at an airport, grocery store, or gym, it probably isn't covered under your current insurance. With valuables insurance, as long as the item was covered, you'd be protected against accidental loss.
Low or no deductibles: Personal property coverage on you current home, renters', or condo insurance may have a high deductible, say $2,000. If you own an instrument worth $2,500 that is stolen, you'd have to pay your deductible of $2,000, meaning you only receive $500 to replace the instrument. Valuables insurance often has very low deductibles, such as $50 or $100.