Coverage Types
Scheduled Personal Property
Definition
An endorsement that provides additional coverage for specific high-value items that exceed the sub-limits of a standard homeowners or renters policy. Items are individually listed (scheduled) with appraised values and covered for their full worth. Also known as a floater or inland marine endorsement. Common items include jewelry, fine art, musical instruments, firearms, and collectibles.
In Zach’s Words
“Your homeowners policy has built-in limits on certain categories — usually around $1,500 for jewelry, $2,500 for firearms, $2,000 for silverware. If your engagement ring alone is worth $15,000, that standard limit isn't going to cut it. A scheduled personal property endorsement (also called a floater) lets you list specific high-value items with their appraised values for full coverage. Bonus: most floaters have no deductible and cover more scenarios than your base policy, including accidental loss.”
— Zach Nadler, CIO