Investopedia

Continue to Site »

Non-Scheduled Personal Property

Filed Under » ,
Dictionary Says

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 Says

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.

Articles Of Interest

  1.

    Insurance Tips For Homeowners

    Use these simple ideas to save money and get better coverage for your house.

  2. 6 Types Of Insurance Coverage You Didn't Think You Needed

    These different types of insurance coverage can be beneficial, but they're often overlooked and misunderstood.

  3. Understanding Your Insurance Contract

    Learn how to read one of the most important documents you own.

  4. The Beginner's Guide To Homeowners' Insurance

    Discover everything new homeowners need to know before they sign on the dotted line.

  5. Beware These Disaster-Related Scams

    Con artists prey on the weak. Those who just survived a natural disaster can be easy targets.

  6. Can my insurance company refuse me coverage?

    Insurance isn't always as straightforward as other products. Insurers can deny coverage in many different instances:Non-Renewal An insurance company is not obligated to renew an insurance policy ...

  7. How Much Will Hurricane Sandy Cost Insurance Companies?

    Hurricane Sandy's economic cost is staggering, but insurance companies will be paying out less than you might think.

  8. 5 Household Items You Should Insure

    Your homeowner's insurance doesn't cover everything you own and the items it does cover are only partially insured if theyre high-priced items.

  9. Suppose my garage collapsed onto my car. Are damages covered by my home insurance or auto insurance?

    Generally, damage to an automobile will be covered by comprehensive car insurance, which is in addition to collision coverage that applies to a car or truck while it is in use. In addition to ...

  10. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  2. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  3. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  4. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  5. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  6. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
Trading Center