Blog

Are Valuables Scheduled on Your Insurance Policy?

posted by TrueNorth Risk Management on Monday, December 16, 2024

Are Valuables Scheduled on Your Insurance Policy?

With the holiday season upon us, this is a great time to ensure that valuable items are adequately covered under your home insurance policy. 

Scheduling these items ensures they are covered for their full value in case of loss, theft, or damage and comes with no deductible option. Standard policies often have limits on the amount they will pay for certain types of items, so scheduling them provides additional protection and peace of mind for very low premium costs.

Here is some guidance on how and what items should be scheduled:

What to Schedule:

• Valuable Personal Property: Items such as jewelry, cameras, fine art, firearms, antiques, and collectibles should be scheduled. These items often have value limits under standard policies.
• Electronics: High-value electronics like cameras, laptops, and home entertainment systems can also be scheduled for additional coverage.
• Specialty Items: Musical instruments, sports equipment, and other specialty items that exceed the standard policy limits should also be considered for scheduling.
• Limits should also be considered for scheduling.

How to Schedule:

1. Appraisal: Obtain a professional appraisal for each item to determine its current value.
2. Documentation: Provide detailed descriptions, receipts, and photographs of each item.
3. Consult our team: We will gladly add these items to your policy; we’ll guide you through the process and inform you of any additional premiums.