Scheduled Policy

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.