Scheduled Personal Property Endorsement

What Does Scheduled Personal Property Endorsement Mean?

A scheduled personal property endorsement is an endorsement that provides coverage for specific items that may not be included in a standard homeowners’ insurance policy. To be covered under this endorsement, the policyholder’s personal property must be explicitly listed in the schedule, or list, of covered items.

Insuranceopedia Explains Scheduled Personal Property Endorsement

Items such as jewelry, paintings, musical instruments, firearms, and cameras are commonly included in scheduled personal property endorsements.

These endorsements are often a smart choice for individuals who own numerous high-value personal items, ensuring these possessions are adequately protected.

This kind of coverage works much like a personal property floater, with each listed item insured at its appraised value instead of the lower category limits found in a standard policy. Because typical theft coverage in a homeowners policy caps payouts on jewelry and similar valuables at a few thousand dollars, scheduling those items separately is often the only way to be paid their actual worth after a loss.