San Leandro, CA Pleasanton, CA Scheduling Personal Property on Insurance Policy

While most of us are tired of being on a schedule, creating a schedule, sticking to the schedule, etc., scheduling keeps us on track and make things clear for everyone. Scheduling your personal property on and insurance policy is not that much different!

When it comes to personal property, the schedule clearly describes your item, it’s value, and it proves that you actually own the item. This is like the details of your personal schedule! But with an insurance schedule, not only is the description of the item relevant, but the property is covered for more causes of loss than items that are not scheduled.

On your homeowners policy, if you lose your sofa there’s not likely to be any coverage. Why is that? When personal property is not scheduled, there must be an identifiable loss such as a fire, burglary, water damage, etc. But scheduling an item is tangible proof that you own and possess the item because of the appraisal, the description, the photographs that will all be attached to the policy. So if the item is lost, or even mysteriously disappeared, it will be covered.  So when you schedule your wedding ring, and lose it, just report it to the insurance company!  They will pay you the scheduled value of that ring. It’s not necessary that it be damaged by fire or water damage to file a claim.

Other items that you may want to include on your schedule include jewelry, antiques, fine art, collectibles, or anything that you want to cover for the additional causes of loss as well as the amount stated on the policy. The rate is higher than the basic property rate, but you can choose a deductible that meets your needs, and helps keep the premium at a level that you can afford.  Please call us today for help with conquering your Schedule.