Collectible Coins and Special Limits

Our insured was the victim of a burglary from his residence. Among the items stolen were a collection of coins. Some of the stolen coins included a 1909 $5 Indian Head, a 1912 $10 Indian Head, a 1915 $2.5 Indian Head, a 1922 $20 (Double Eagle) Saint Gaudens and miscellaneous Liberty Head coins of various denominations. The insured purchased them from a coin dealer in 2005 and they were kept in plastic display sleeves, which were then kept inside a velvet drawstring bag.

We are attempting to determine whether coverage would extend to our insured, beyond his $200 money, etc. limitation under his homeowner's policy. The homeowner's policy we are dealing with is an HO-3, edition 4-91 and the insured did not have the coins scheduled.