Your homeowners policy is subject to limitations and exclusions, particularly for valuable property, such as jewelry, guns or high-end heirlooms. To fully insure valuable personal property, it must be scheduled.
By scheduling items that you treasure, you have a description of the item, its value, and then you can insure it for what it would cost to replace it.
Popular items that people schedule:
- Musical Instruments
- Collectables (coins, baseball cards, stamps, etc.)
- Laptops & Tablets
- Sterling Silverware, Gold-plated Ware & Platinum-plated Ware
- Money & Gold
- Letters of Credit
- Tea Sets
- Vehicle Electronics
Scheduled property enjoys some of the broadest insurance coverage available, including “mysterious disappearance”. If a ring suddenly turns up missing, and you can’t positively identify the cause of the loss, the jewelry would be replaced or you would be reimbursed. Allegheny Insurance requires either a receipt or proof of appraisal value to attach proper protection for scheduled items.
If you are unsure whether you should schedule your personal property or if it is even an item that can be scheduled, contact us. Almost everyone has some valuable property that should be scheduled.