Scheduled personal property insurance is a type of coverage that provides additional protection for high-value items, such as jewelry, fine art, or collectibles. Standard homeowner’s insurance policies often have limits on how much they will pay for certain categories of valuable items, meaning that your policy may not fully cover the cost of replacing these items if they are lost, stolen, or damaged.

This type of insurance often includes coverage for accidental loss or damage, which might not be covered under a standard policy. For example, if you accidentally lose an expensive piece of jewelry while traveling, scheduled personal property insurance would help you recover its value. This coverage is typically purchased as an add-on or endorsement to a homeowner’s or renter’s insurance policy.