A local agent can help you decide whether additional coverage designed to help protect specific items (often referred to
as scheduled personal property coverage) makes sense for you.
Keep in mind you may want to
purchase scheduled personal property for more expensive items such as jewelry, art and collectibles to make sure your limits are high enough for these items.
And if you have special possessions such as jewelry, art, antiques, or collectibles, ask
about scheduled personal property coverage that comes with no deductible when you experience a covered loss.
The types and values of your belongings can help you determine how much coverage you should purchase and whether you may benefit from any additional coverage, such
as scheduled personal property.
Another advantage
of scheduled personal property endorsements is that standard homeowners insurance covers personal property replacement in the event of fire, windstorm, lightning, hail or explosions, but not necessarily from theft, loss or accidental destruction.
If the policy's limits aren't enough to cover the items you'll be bringing to school, the III says your parents may be able to
add scheduled personal property coverage, sometimes referred to as a «floater,» to their homeowners or renters insurance policy to help cover certain valuable possessions.
Also known
as scheduled personal property coverage, it is a good way to raise the coverage limits of specific high - value items, such as valuable family heirlooms, that you own.
If the policy's limits aren't enough to cover the items you'll be bringing to school, the III says your parents may be able to add
scheduled personal property coverage, sometimes referred to as a «floater,» to their homeowners or renters insurance policy to help cover certain valuable possessions.
Scheduled Personal Property: While a regular home insurance policy provides limited coverage for valuables — such as jewelry or art — the scheduled personal property endorsement allows you attain broader protection for incidental damage.
Endorsements Additional personal property coverage, such as
scheduled personal property, is typically available for an additional cost.
Scheduled Personal Property is optional protection you can add to your homeowners policy to cover high - value items.
Scheduled personal property — often referred to as a rider, floater or endorsement — is an optional coverage you can purchase to provide additional protection for certain valuables such as art, antiques, furs, jewelry or musical instruments.
For example, while a standard condo policy typically caps coverage for theft of jewelry at $ 1,000 or $ 2,000,
scheduled personal property coverage may provide additional coverage for those items.
For instance, you'll typically find that
scheduled personal property coverage covers an item if it's lost — left behind at a hotel, or dropped down a drain, for example — which a typical renters insurance policy may not cover.
Scheduled personal property coverage is an example of this type of protection.
Scheduled personal property coverage basically helps you insure a specific item — an engagement ring or expensive watch, for instance — for its documented value.
To purchase
scheduled personal property coverage, you'll typically need to have each piece of jewelry you want to insure professionally appraised, according to the III.
For Progressive's underwriting partners,
the scheduled personal property endorsement usually doesn't have a deductible associated with it.
Scheduled Personal Property Endorsement: If you have items worth more than $ 1,000 or several items worth hundreds of dollars, consider adding a scheduled personal property endorsement to your home insurance policy.
Your agent can share options for increasing your coverage limits or adding
a scheduled personal property endorsement.
Scheduled personal property usually does not require a deductible, but you will need to get a professional appraisal before purchasing the coverage.
Scheduled personal property is optional protection you can add to your homeowners policy to cover high - value items.
For Progressive's underwriting partners,
the scheduled personal property endorsement usually doesn't have a deductible associated with it.
If you own a $ 10,000 necklace,
scheduled personal property can help you insure it for more than the $ 1,000 limit.
Can a claim be denied if I have
scheduled personal property coverage for a home where I'm no longer living?
Scheduled Personal Property Endorsement: If you have items worth more than $ 1,000 or several items worth hundreds of dollars, consider adding a scheduled personal property endorsement to your home insurance policy.
You may be able to insure certain items more fully by purchasing
scheduled personal property, which can be added to a home, renters or condo insurance policy, says Baecker.
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