Admin What is unscheduled personal property?
Unscheduled personal property includes belongings that may be covered by your standard personal property coverage, but that have not been specifically itemized on your policy. Unscheduled property is subject to the standard coverage limits (and sub-limits) stated on your homeowners, renters or condo insurance policy.
What is the difference between scheduled and unscheduled property?
Personal property on most policies include clothing, shoes, furniture, appliances, and other items. Unscheduled personal property refers to items that are covered by personal property coverage but have not been specifically itemized; these items are subject to the standard coverage limits.
What is unscheduled equipment coverage?
Unscheduled Equipment is for all single items with a replacement cost of $5,000 or less (including sales tax). All these items (yes, even the small cords and batteries) are covered under the Unscheduled Equipment limit and do not need to be listed out.
What is not covered by personal property insurance?
Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered. Damage caused by smog or smoke from industrial or agricultural operations is also not covered. If something is poorly made or has a hidden defect, this is generally excluded and won’t be covered.
Is jewelry considered personal property?
While jewelry is typically considered a type of personal property, it’s important to consider whether your coverage limits are high enough to protect the pieces you value most. Often, insurance policies will come with sub-limits for certain kinds of belongings, such as jewelry.
What is unscheduled glass?
Unscheduled Glass; Scheduled Glass described in the sched- ule below; while in or on the dwelling or other struc- tures on the residence premises. We will also pay for making temporary re- pairs, resulting damage to encasing frames, and removing or replacing ob- structions because of a covered loss to glass.
What does Blanket mean in insurance?
What is Blanket Insurance? Blanket insurance is a single property insurance policy that covers more than one type of property at the same location, the same kind of property at multiple locations, or multiple kinds or property at two or more locations.
What are considered personal belongings?
Definition of personal belongings : items that belong to someone and that are small enough to be carried Be sure to take your personal belongings with you when you get off the bus.