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FOr most companies you can increase your personal property coverage with a rider. I knew one antique collector who had double their house value in personal property coverage. You can do it MUCH MUCH more cheaply than buying a separate policy from what I have seen.
Sometimes you do not get as extensive of coverage as you could if you scheduled items. For instance if you dropped a $50,000 shotgun that was scheduled, under most policies you could make a claim to have the stock and metal refinished. Some separate policies may contain such coverage.
Also look at those "safeguards in place" clauses. I know there was at least one provider that had some pretty absurd requirements. Such as, if your safe was open at the time of fire or theft, independent of circumstances, no coverage. Same for anything outside the safe, such as a gun you were cleaning.
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