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. Personal Property

    A type of property which, in its most general definition, can ...
  2. Premium

    1. The total cost of an option. 2. The difference between the ...
  3. Deductible

    1. The amount you have to pay out-of-pocket for expenses before ...
  4. Insurance

    A contract (policy) in which an individual or entity receives ...
  5. Homeowners Insurance

    A form of property insurance designed to protect an individual's ...
  6. Hurricane Deductible

    An amount a homeowner must pay before insurance will cover the ...
Related Articles
  1. Insurance

    Insurance Tips For Homeowners

  2. Insurance

    Understanding Your Insurance Contract

  3. Home & Auto

    The Beginner's Guide To Homeowners' ...

  4. Home & Auto

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

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center