Scheduled personal property coverage provides specialized protection for high-value items, offering open-perils protection with no deductible. This coverage is available exclusively for primary residence policy types and can be added via the Coverage tab.
Coverage
- Eligibility: Must be personal property owned by the named insured, kept at the residence premises, or temporarily away from the residence.
- Limits: Coverage limits range from $500 to $100,000 per item.
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Valuation Methods:
- Agreed Value: The company pays the total amount shown on the Declarations Page.
- Market Value: Pays the greater of the scheduled value or current market value, up to 150% of the scheduled value (Not available in GA).
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Actual Cash Value (ACV): Based on the item's value at the time of loss, accounting for depreciation and replacement cost.
Documentation Requirements
To schedule items, you must provide valid documentation dated within the last three years. For newly bound policies, agents must upload all required documentation to the portal within 30 days of policy issuance. Receipts older than three years will not be accepted.
| Item Value | Required Documentation |
|---|---|
| $5,000 or more | Appraisal (dated within three years) |
| Less than $5,000 | Appraisal or receipt (dated within three years) |
Eligible Property Categories
The following items may be eligible for scheduling:
- Bicycles
- Cameras
- Cards
- Coins
- Fine Art (Unique or limited quantity)
- Fine China and Crystal
- Firearms
- Furs
- Golf Equipment
- Jewelry (Including items kept in a bank vault)
- Musical Instruments (Non-professional use only)
- Other Collectibles ( example: bottles, figurines, comic books, trains, dolls)
- Silverware
- Stamps
- Wine
The above is meant as general information. This information does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features on this page are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to general claims handling steps, average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation.
For further assistance, contact us via our webform or Live Chat.