Call Us 631-727-4114 ☰ ˟
Lupton & Luce
Call Us: 631-727-4114 Client Login
  • Home
  • Our Products
    • Personal InsuranceImage of right arrow
      • Automobile
      • Auto Liability
      • Collision
      • Comprehensive
      • Underinsured/Uninsured Motorist
      • Boat
      • Condominium
      • Flood
      • Homeowners
      • Homeowners Property Coverage (Dwelling Coverage)
      • Homeowners Liability
      • Life
      • Motorcycle
      • Personal Article Policy
      • Personal Umbrella
      • Renters
    • Commercial InsuranceImage of right arrow
      • Auto Repair Shop
      • B & B Programs
      • Business
      • Builder's Risk
      • Contractors
      • Commercial Auto
      • Cyber Liability
      • Disability
      • Emergency Services
      • Gas Station
      • General Liability
      • Wineries & Distilleries
      • Workers Compensation
  • Get A Quote
    • Automobile
    • Boat
    • Business
    • Disability
    • Flood
    • Homeowners
    • Life
    • Motorcycle
    • Renters
  • Make a Payment
  • Resources
    • File a Claim
    • Frequently Asked Questions
    • Join Our Newsletter
    • Hurricane Preparedness
    • Helpful Links
    • Refer a Friend
  • Blog
  • About Us
    • About Us
    • Community Involvement
    • Our Employees
    • Our Office
    • Our Partners
    • Our Reviews
    • Privacy Policy
  • Contact
Auto Insurance

Auto

Let us customize your insurance for the best possible price.

Learn More
Home Insurance

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Insurance

Business

Customize your business insurance for peace of mind.

Learn More
Life Insurance

Life

Let us help you protect you and your loved ones for years to come.

Learn More
Home > Blog > 3 Things to Know About Scheduled Property Insurance
WEDNESDAY, FEBRUARY 20, 2019

3 Things to Know About Scheduled Property Insurance

Posted by Dawn Bucher on Feb 20, 2019 in Blog, Home Insurance |

3 Things to Know About Scheduled Property Insurance

3 Things to Know About Scheduled Property Insurance

One of the most commonly utilized components of a home insurance policy is the part that helps cover the cost of your personal property if it’s stolen or damaged. Personal property protection is usually a percentage of your dwelling coverage, often between 40-70%. That means, if you have $300,000 in dwelling coverage, you’d have 40-70% percent of that number in personal property protection.

But let’s say you have many valuable belongings in your home whose value exceeds your personal property protection. You risk having to cover their repair or replacement costs on your own once your personal property insurance limits are reached. So, is there anything you can do? There sure is, and it’s called scheduled property insurance!

What is Scheduled Property Insurance?

Scheduled property insurance is a type of coverage meant to give you additional protection above and beyond your personal property insurance limits. You purchase this insurance on its own, as it isn’t automatically included in your home insurance policy.

How Does Scheduled Property Insurance Work?

When you “schedule” an item of personal property, you’re adding additional insurance coverage for it. For example, if you have a watch worth $3,000 but your policy states that you’re only covered for up to $2,000 in losses for watches or other jewelry, you could schedule that item for extra protection so the entire $3,000 is covered. Once an item is appraised, you will know exactly what it’s worth and you can determine how much extra coverage you’ll need.

The Advantages of Scheduled Property Insurance

When your basic property insurance is used to reimburse you, you’ll usually receive the actual cash value for an item, which means things like depreciation are taken into account. However, with scheduled property insurance, depreciation isn’t a factor and you’ll be reimbursed for its replacement cost. Another significant benefit of scheduled property insurance is these particular policies do not require paying an additional deductible.

Do you have special items you’d like to insure or questions about your home insurance policy? Get in touch with Lupton and Luce Insurance for help with all of your insurance needs today!

Posted 7:34 PM

Tags: blog, home insurance, home insurance riverhead, ny
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

  • home insurance(29)
  • blog(21)
  • insurance(18)
  • business insurance(17)
  • auto insurance(16)
  • home insurance riverhead(7)
  • auto insurance riverhead ny(6)
  • homeowners insurance(6)
  • car insurance(5)
  • cyber liability insurance(4)
  • auto insurance claims payments(3)
  • workers compensation insurance(3)
  • flood insurance(3)
  • general liability insurance(3)
  • hurricane insurance(2)
  • insurance inspection(2)
  • commercial auto insurance(2)
  • home insuranc(2)
  • car insurance riverhead ny(2)
  • home intruders(1)
  • dui(1)
  • home(1)
  • uber(1)
  • car cleaning(1)
  • life insurance(1)
  • ny(1)
  • business insurance claims(1)
  • lupton & luce insurance(1)
  • business liability insurance(1)
  • ride sharing(1)
  • general liability(1)
  • lupton and luce insurance(1)
  • grill(1)
  • liability coverage(1)
  • cleaning car(1)
  • money saving tips(1)
  • sales(1)
  • bop insurance(1)
  • renters insurance(1)
  • restaurant revitalization fund(1)
  • omissions insurance(1)
  • motorcycle insurance(1)
  • mortgage(1)
  • underinsured commercial auto coverage(1)
  • fires(1)
  • home improvements(1)
  • paid sick leave(1)
  • emergency services(1)
  • tenant rights(1)
  • direct sales(1)

View Mobile Version

Get In Touch!
631.727.4114

Contact Us
Facebook Twitter Logo LinkedIn Instagram

Resources

  • Get A Quote
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog

Contact Us

225 Howell Ave., Riverhead NY 11901
P: 631.727.4114 | F: 631.727.7138 | E: info@luptonandluce.com
© Copyright 2021. All rights reserved. | Powered by Insurance Website Builder