Scheduled personal property coverage from 华体会
While Hanover homeowner鈥檚 policies provide your customers with excellent coverage for their personal possessions, some of their most precious items may require additional protection.
The benefits of a scheduled personal property endorsement include:
- No deductible
- Open peril coverage, with certain exceptions, for physical loss
- Coverage provided for mysterious disappearances
A scheduled personal property endorsement provides specific protection for items including:
- Jewelry
- Coins and coin collections
- Stamps and stamp collections
- Silverware, including silver plated, gold plated, or pewter ware
- Fine arts
- Cameras
- Furs and fur garments
- Musical instruments
- Sports equipment such as golf clubs or bicycles
- Firearms
- Hearing aids
- Wines
- Hobby collections, including items such as memorabilia, souvenirs, and collection items
- Limited editions, including limited edition dolls, plates, figurines, rare books, antiques
Scheduled personal property standard loss settlement
For trims other than Prestige, each item must be listed with an amount of insurance. Endorsement pays the least of following:
- Actual cash value of the property at the time of loss or damage;
- Reasonable amount to repair to condition prior to loss;
- Reasonable amount to replace with substantially identical article; or
- The amount of insurance
Items scheduled as fine arts are settled at agreed value.
Scheduled personal property agreed value loss settlement
For trims other than Prestige, each item must be listed with an amount of insurance. Endorsement pays, for each item, the full amount shown in the schedule which is agreed to be the value of that item.
When the item is part of a part or set, we will pay the full amount shown in the schedule for the pair, set or complete article.
Agreed value is not available for the hearing aid class.
Scheduled personal property in vault
Itemized jewelry shown as in vault in the declarations must be kept in a bank vault.
There is no coverage for these items while they are out of vault, unless we agree in advance to cover them.
Prestige scheduled personal property standard loss settlement
For Prestige trim, each item must be listed with an amount of insurance. Endorsement pays the least of following:
- Actual cash value of the property at the time of loss or damage;
- Reasonable amount to repair to condition prior to loss;
- Reasonable amount to replace with substantially identical article; or
- The amount of insurance
Items scheduled as fine arts are settled at agreed value.
Prestige scheduled personal property agreed value loss settlement
For Prestige trim, each item must be listed with an amount of insurance. Endorsement pays, for each item, the full amount shown in the schedule which is agreed to be the value of that item.
When the item is part of a part or set, we will pay the full amount shown in the schedule for the pair, set or complete article.
Agreed value is not available for the hearing aid class.
Valuable Items Plus - blanket scheduling
This endorsement is used for blanket scheduling of personal property. It provides for open perils coverage for select property items without the need to individually list and
describe each item. It also eliminates the Section I deductible for losses to property scheduled under the endorsement.
Note:
- Loss settlement for Coverage C under the base policy applies to this endorsement, subject to the per item coverage limit
- Maximum loss payable per item is in the table below so items valued at more than per item limit should be itemized scheduled
Coverage not available in all states and limits may vary. Please refer to your agent guides for more details.
A scheduled personal property endorsement provides specific protection for items including:
- Jewelry
- Coins and coin collections
- Stamps and stamp collections
- Silverware, including silver plated, gold plated, or pewter ware
- Fine arts
- Cameras
- Furs and fur garments
- Musical instruments
- Sports equipment such as golf clubs or bicycles
- Firearms
- Hearing aids
- Wines
- Hobby collections, including items such as memorabilia, souvenirs, and collection items
- Limited editions, including limited edition dolls, plates, figurines, rare books, antiques
Scheduled items resources
华体会 offers an array of scheduled items coverage resources for you and your customers. You can access our library of ready-to-use marketing materials for agents on TAP Marketing.
Scheduled personal property coverage overview
This information sheet highlights items covered under a scheduled personal property endorsement.
Resources for you
Use these pieces to learn more about 华体会's scheduled items coverage. Find more agent resources in TAP Marketing.
Resources for your customers
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Questions about scheduled items coverage?
Contact your underwriter for more information.