Scheduled Coverage for Your Most Valuable Possessions
Standard homeowners and renters policies cover personal property, but they come with sublimits for certain high-value categories — and those sublimits are often far below the actual value of what you own. Jewelry, fine art, musical instruments, firearms, sports equipment, and collectibles frequently exceed what a base policy will pay after a theft or loss. A valuable items endorsement — also called a scheduled personal property floater — provides broader, higher-limit coverage for items that matter most to you.
Items Commonly Scheduled for Additional Coverage
- Jewelry and watches — Engagement rings, wedding bands, heirloom pieces, and fine watches are the most frequently scheduled items; standard policies often cap jewelry theft at $1,500
- Fine art and antiques — Paintings, sculptures, rare books, and antique furniture that has been appraised
- Musical instruments — Instruments used for both personal enjoyment and professional performance
- Firearms collection — Collectible and high-value firearms that exceed standard sublimits
- Sports and camera equipment — Professional-grade cameras, lenses, golf clubs, and sporting gear
- Furs and silverware — Fur coats, sterling silver sets, and fine china
- Coin and stamp collections — Numismatic and philatelic collections with documented value
How Scheduled Coverage Differs from Standard Coverage
When you schedule an item, it is covered for its agreed or appraised value — not subject to depreciation. Scheduled items are also typically covered against a broader set of perils, including mysterious disappearance (losing the item with no known cause), which is not covered under a standard policy. There is generally no deductible on scheduled items.
How to Get Coverage for Valuable Items
For most jewelry and collectibles, we will need a recent appraisal or purchase receipt to establish the insured value. Our agents at Vallie Insurance in Greeneville can walk you through the documentation needed and add a scheduled property endorsement to your existing Erie homeowners or renters policy. If your collection is extensive, a standalone inland marine policy may be more appropriate. Contact us to discuss the best approach for your valuable items.