Scheduling an item, also known as adding an insurance rider to your homeowners, condo or renters insurance policy, may help safeguard against personal property likely to be lost such as jewelry, cameras, and watches. Scheduling personal property is optional and will increase the cost of your policy, but it’s a way to insure specific items against the risk of accidental loss.
Many insurance companies require a professional appraisal of items before you can purchase scheduled coverage, and these items may have to meet a certain cost threshold. Keep in mind, not all personal items qualify for added protection with an insurance rider, including lost phones, eyeglasses, and certain high-value electronics.