Non-Scheduled Personal Property

AAA

DEFINITION of 'Non-Scheduled Personal Property'

Refers to the items that are automatically covered under your homeowners insurance policy. Non-scheduled personal property are common items that the majority of people own, and do not require an appraisal or receipt to be provided to the insurance company in order for the item to be covered under the insurance policy.

INVESTOPEDIA EXPLAINS 'Non-Scheduled Personal Property'

Although each insurance company is different, some examples of non-scheduled personal property are: furniture, clothing, kitchen appliances and small electronics. Non-scheduled personal property also does not typically require an additional premium to be added to the current insurance premium in order for the items to be covered.

RELATED TERMS
  1. No results found.
Related Articles
  1. Insurance Tips For Homeowners
    Insurance

    Insurance Tips For Homeowners

  2. Understanding Your Insurance Contract
    Insurance

    Understanding Your Insurance Contract

  3. The Beginner's Guide To Homeowners' ...
    Home & Auto

    The Beginner's Guide To Homeowners' ...

  4. 6 Types Of Insurance Coverage You Didn't ...
    Home & Auto

    6 Types Of Insurance Coverage You Didn't ...

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center