Scheduled Personal Property
All homeowners policies provide coverage for the contents inside your home, but many people are not aware that there are limits on certain types of items for specific types of loss. For instance, if your $10,000 watch is destroyed in a house fire, your homeowners policy will replace it for you. However, if that watch is stolen, your policy will have a per piece limit of coverage and the policy deductible will apply. Most likely that limit will be far less than the value of your watch and you'll be out of luck. Luckily insurance companies offer Scheduled Personal Property which acts like a rider on your homeowners policy to cover your most precious items up to their appraised value. Scheduled Personal Property won't just cover your watch from theft, but also loss or mysterious disappearance. And you can elect to have no deductible, which means you'll get the full value of your watch in the event of a claim. Scheduled Personal Property includes more than just jewelry. You can schedule artwork, rugs, furs, guns and antiques. An appraisal will determine the amount of coverage that your policy will provide and most experts will provide a copy specifically for insurance purposes. The Schoen Insurance Agency can help you get the coverage you need for your most valuable belongings, so give us a call today!
Contact an insurance agent at Schoen Insurance Agency today to answer any questions about Scheduled Personal Property or for a free review and insurance quote for Scheduled Personal Property.