Scheduled Personal Property Coverage
Protect high-value belongings that may exceed your homeowners policy limits. Scheduling personal property gives you dedicated coverage for jewelry, art, instruments, and other unique items at full replacement cost.
What is scheduled personal property insurance?
Your homeowners insurance policy covers your personal property up to a certain limit. However, for more valuable items — such as jewelry or musical instruments — more stringent limits are imposed, meaning your valuables may not be sufficiently covered. Luckily, insurance companies offer a way of increasing coverage for certain items.
Scheduled endorsements allow you to add extra coverage in order to insure high-value items beyond the limits imposed by a standard homeowners policy. Along with homeowners coverage, scheduled items can typically be added to renters and condo insurance policies as well. Coverage limits for such items are customized based on their worth so that you may replace or repair them.
Scheduled personal property coverage may be limited to specific types of property. The following items are usually eligible:
- Jewelry
- Fine art
- Musical instruments
- Firearms
- Stamp or coin collections
- Antiques
- Cameras
- Silverware
How scheduled personal property coverage works
Standard homeowners insurance covers most belongings, but high-value items often exceed policy limits. For example, a $5,000 wedding ring may only be partially covered. Scheduling lets you insure valuables for their full worth.
Start by making a home inventory to estimate your property’s value. Pay close attention to collectibles and expensive items that may exceed your policy’s sub-limits. Your insurer may require an appraisal, which typically needs to be updated over time as values change.
Scheduled coverage usually costs about 1% to 2% of an item’s value. Below is a breakdown of common items that often need extra coverage and the limits most home insurance policies apply.
| Sub-limit | Property | Limitations |
|---|---|---|
| $200 | Money, Gold, Coins | Â |
| $1,500 | Jewelry, watches, furs | Theft-only |
| $1,500 | Watercraft, trailers | Theft-only |
| $2,500 | Firearms | Â |
| $2,500 | Silverware | Â |
| $2,500 | Business property | On-premises |
| $500 | Business property | Off-premises |
| Varies | Electronics | Â |
Making a claim
Making an insurance claim for a scheduled item works the same way as it does for other claim types. Contact your insurance company to report the damage, loss or theft. The company will likely advise you on your next steps, whether it be providing a list of approved repair shops or issuing a payout. Depending on your policy, you may not even have to pay a deductible.
Scheduled personal property is replaced at replacement cost value (RCV). This means that you will receive compensation for the full value of your personal property without any amount subtracted for depreciation.
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What does a scheduled personal property endorsement cover?
Most homeowners policies only protect belongings against specific risks, but a scheduled personal property endorsement offers broader, open-peril protection. That means your items are covered for nearly any cause of loss unless it’s specifically excluded in your policy.
This coverage even includes accidental loss—for example, if you misplace a scheduled piece of jewelry while traveling, it’s likely covered. However, exclusions still apply: wear and tear, war, or nuclear hazards typically aren’t covered.
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Is a scheduled personal property endorsement right for you?
If you own high-value belongings such as fine art, jewelry, or rare collectibles, a scheduled personal property endorsement can provide extra peace of mind. Standard homeowners coverage usually isn’t enough to cover the full value of these items, but scheduling them ensures they’re protected at their true worth.
Most insurers let you schedule property, though coverage details can vary. Some premium carriers — like Chubb, PURE , or Cincinnati Insurance — may even include expanded protection for valuables as part of their base policy. This can be especially helpful for homeowners with rare or specialized collections.
When weighing the cost, consider the replacement value of your items compared to your current coverage. If the numbers don’t add up, it may be worth exploring other policy options to make sure your valuables are properly protected.
The Zebra can help you find great coverage that fits your budget.
Scheduled personal property coverage FAQs:
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