Scheduled Policy

Definition - What does Scheduled Policy mean?

A scheduled policy is an insurance policy that lists specific items that will be covered by the insurer. Scheduled property is often included as a supplement to a primary insurance policy.

Scheduled insurance policies are an alternative to unscheduled policies, which provide coverage up to a certain limit for a wide variety of items.

Insuranceopedia explains Scheduled Policy

Many people choose to get scheduled policies to make sure that they have all the coverage they need. For example, a standard homeowner's policy may provide $500,000 worth of unscheduled coverage. However, if the policyholder has jewelry worth $100,000 in her house, she may choose to get a supplementary scheduled policy that specifically covers the jewelry. So, essentially, scheduled policies ensure that certain items are covered, which is important for those who own rare, expensive, or luxury items.

Connect with us

Insuranceopedia on Linkedin
Insuranceopedia on Linkedin
Tweat cdn.insuranceopedia.com
"Insuranceopedia" on Twitter


'@insuranceopedia'
Sign up for Insuranceopedia's Free Newsletter!