Scheduled Personal Property

Insurance coverage for personal belongings such as furniture, clothing, and electronics against theft, damage, or loss, typically included in homeowners and renters policies.

Specialized insurance coverage for valuable jewelry, watches, and gemstones that provides protection against loss, theft, damage, and mysterious disappearance. Often purchased as a scheduled personal property endorsement to homeowners or renters insurance.

An assessment of a property's value by an independent professional, often required for insurance purposes to determine appropriate coverage limits or claim settlements.

The repayment value for indemnification due to loss or damage of property; in most cases it is replacement cost minus depreciation.

The decrease in value of property over time due to wear, tear, age, or obsolescence.

The cost to replace damaged or destroyed property with new property of similar kind and quality, without deduction for depreciation.

Specialized insurance coverage for property damage caused by flooding, typically not covered by standard homeowners insurance.