Scheduled Personal Property
As you know every standard homeowner’s policy comes with personal property coverage, what you may not know is there are set limits for certain types of personal property that a carrier will pay out in the event of a covered loss. In most cases this applies to fine arts, furs, jewelry, guns, high value collectibles, silverware, cameras, and in some cases sports equipment, musical equipment, and even tools.
To ensure these high value items are properly covered many insurance carriers will endorse or schedule the individual items onto your homeowner’s policy. Though not all carriers offer this type of coverage CityScape Insurance also offers a standalone policy often referred to a personal articles floater (PAF) or inland marine. By adding this comprehensive coverage your valuable items are covered for full replacement cost and the coverage extends to the items anywhere in the world.
Don’t fall victim of being underinsured for the items you have worked so hard for, call today to learn more about adding this valuable coverage.
Policy Coverage
- All Risk Coverage
- Earthquake
- Wind
- Transit Coverage
- Worldwide
- Unscheduled Jewelry
- Unscheduled Fine Arts
Large Collections Coverage
For risks with large schedules such as wine, large collection of baseball cards, stamps, coins, etc. a single aggregate line item can be scheduled with the following as an example:
“1,000 bottles of wine not to exceed $500 per bottle.”
Property Types Covered
Jewelry: Anklets, bracelets, cuff links, earrings, necklaces, pendants, rings, watches and other jewelry items.
Fine Arts (fragile, non-fragile, unscheduled): Antiques, books, china, crystal, collectibles, fine arts, furniture, glass, lithographs, mirrors, rugs, tapestries, paintings, pictures, sculptures. Both Fragile and non-fragile fine arts are eligible.
Furs
Cameras: Cameras, projection machines and audio visual equipment for personal use. Professionally used items are not eligible.
Sporting Equipment: Non-professional use of sporting equipment such as golfer’s equipment and other sporting equipment.
Musical Instruments (non-professional): Pianos and other musical instruments used personally and predominantly at the residence. Professionally used and touring instruments are not eligible.
Silverware & Related Items
Postage Stamps and related items.
Rare Coins & Collections: Coins (including gold and silver), baseball cards, comics, LP’s and other similar collections.
Computers & Media: Computers, laptops, and media for personal use. Professional/business used items are not eligible.
Wine and similar collections of alcohol.
Golf Carts
Guns / Firearms: Guns and firearms that are part of a collection.
Bicycles
Other Miscellaneous Items: Valuables and collections that do not fit into the above categories.
