Homeowners and renters alike, check your insurance policies now: Peabo Bryson’s $3 million theft claim just changed how insurers view your pricey electronics and jewelry. After the R&B legend’s pricey items vanished from a storage unit, industry insiders say your standard renter’s policy likely won’t cover your laptop or engagement ring if they’re stashed outside your home—meaning a surprise hike in premiums or a devastating denial is coming for millions of Americans.