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How Is Scheduled Personal Property Better Than Regular Coverage Limits?

By July 5, 2022August 5th, 2022No Comments

Scheduled personal property insurance is a great way to boost your coverage limits for valuable items in your home. But what are the benefits of this type of policy, and how is it different from regular homeowner’s insurance? Here’s what you need to know.

A Scheduled Personal Property policy gives you a higher limit for each type of item

If you’re like most homeowners, you probably have a standard homeowners insurance policy. But what you may not realize is that a Scheduled Personal Property policy can give you a much higher limit for each type of item than a standard homeowners policy. That’s because a Scheduled Personal Property policy specifically names the items that are covered, and insures them for their full value. So if you have any valuables, such as jewelry, artwork, or collectibles, it’s worth considering a Scheduled Personal Property policy to make sure they’re fully protected.

It’s easier to file a claim with a Scheduled Personal Property policy 

Filing an insurance claim can be a huge headache – but it doesn’t have to be. If you have a Scheduled Personal Property policy, the process is actually pretty straightforward.

  1. Gather all your receipts and documentation.
  2. File a police report, if the item(s) were stolen.
  3. Call your insurance company and start the claims process.

That’s it! With a Scheduled Personal Property policy, there’s no need to worry about costly repairs or replacement costs

So if you’re looking for an easy claims process, be sure to ask about Scheduled Personal Property coverage the next time you’re shopping for insurance.

You might not be able to choose your in-laws, but you can choose your own appraisers! When it comes to scheduled personal property, you have the right to select your own appraiser.

You can choose your own appraisers 

You might not be able to choose your in-laws, but you can choose your own appraisers! When it comes to scheduled personal property, you have the right to select your own appraiser.

However, it’s important to keep in mind that not all appraisers are created equal. As such, it’s important to do your research and find an appraiser who is reputable and who has experience appraising the type of property you have. With a little bit of effort, you can ensure that you get an accurate appraisal that meets your needs.

With Scheduled Personal Property you might have a $0 deductible

If you’ve ever filed an insurance claim, you know that the deductible can sometimes be the most stressful part of the process. Will your insurance company cover the full cost of the damages? Or will you be stuck with a hefty bill?

With scheduled personal property, you can rest assured knowing that your deductible might be $0. That’s right – no out-of-pocket expenses for you! So what is scheduled personal property? It’s simply insurance for high-value items such as jewelry, art, or computers.

By scheduling these items on your policy, you’re essentially guaranteeing that your insurance company will cover the full value of the item in the event that it’s lost, stolen, or damaged. And with a $0 deductible, you won’t have to worry about coming up with the money to replace your items.

“So if you’re looking for peace of mind, consider scheduled personal property insurance. It just might be worth its weight in gold.”

Jewelers Insurance - Close-up of a Young Female Jeweler’s Hands Working on a New Silver Ring at Her WorkbenchYou don’t have to worry about depreciation

When you insure your home, you want to know that your belongings are also protected in the event of a claim. That’s why scheduled personal property coverage is such an important part of homeowners insurance.

This coverage protects your valuables – like jewelry, art, and collectibles – from depreciation, meaning you’ll be compensated for the full value of your items in the event of a claim. So if you’ve ever worried about how much your belongings are worth, scheduled personal property coverage can give you the peace of mind you need.

So, what are you waiting for? If you want the best protection for your prized possessions, consider a Scheduled Personal Property policy. We can help you find the right coverage to fit your needs and budget. And don’t forget, our experts are always here to answer any questions you may have about homeowners insurance. Give us a call today!

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