Q.8. Larry loves to collect vintage hockey jerseys. He keeps his expensive collection in his home, locked in a safe. One day while talking to his son, a university student taking a risk management and insurance class, he is made aware of the fact that his home insurance does not adequately compensate him for any losses to his extensive jersey collection, which is valued at approximately $50,000. How can Larry ensure that personal property will be adequately covered by his home insurance policy