Insurance glossary · Home, cars and valuables
scheduled personal property.
Scheduling lists a valuable item, like a ring or a painting, on its own with its own value, instead of leaving it under the home policy’s low limits for that kind of item.
Why schedule valuables instead of relying on the home policy?
Because homeowners policies set low special limits for categories like jewelry, watches, furs, silverware and collectibles, especially for theft, and often exclude losses like accidental loss. Scheduling gives each item its own limit and broader coverage.
What does scheduling cover that a home policy doesn’t?
Usually accidental loss and mysterious disappearance, like a stone falling out of a ring, with no deductible or a low one, and coverage anywhere in the world. The exact terms depend on the policy or floater.
How is a scheduled item valued?
Usually by a recent appraisal or receipt. Some policies pay the scheduled amount in a total loss, which works like agreed value, while others pay the lesser of the scheduled amount or the cost to replace it. The wording matters.
How often should items be reappraised?
Every few years, and after big market moves. Jewelry, watches and art can rise in value quickly, and a schedule based on an old appraisal can leave you underinsured.
What kinds of items are usually scheduled?
Jewelry and watches, fine art, collectibles, wine, musical instruments, cameras, firearms and silverware. Larger collections are often covered on a blanket basis instead of item by item.
Is scheduling the same as a separate valuables policy?
It can be either. Items can be scheduled on a homeowners policy endorsement or placed on a standalone valuable articles or collections policy, which often has broader terms for high-value pieces.
Does scheduling cover items while traveling or in storage?
Usually yes, worldwide, though some policies set conditions for items in transit, on loan to museums or in a bank vault. Check before shipping or lending something valuable.
by household.
- IndividualsAn engagement ring or watch is often the first item worth scheduling.
- FamiliesJewelry, silverware and heirlooms passed between generations need current appraisals to stay properly insured.
- CollectorsLarger collections usually move from item-by-item schedules to blanket collections coverage.
where you’ll see it.
- Homeowners policySpecial limits of liability for jewelry, watches and collectibles, often for theft.
- SchedulesA list of items with descriptions, appraisal values and the limit for each.
- AppraisalsReports from jewelers or appraisers used to set each scheduled value.
insured for what it’s worth today.
Riza schedules your valuables with current appraisals, moves larger collections to blanket coverage when it fits, and reminds you when it’s time to reappraise.
Get a quoterelated terms.
Coverage it touches: Art, jewelry and valuables · Home