Scheduled Policy
Definition of "Scheduled policy"
Policy permitting an insured to choose desired coverages. These policies are important for items with relatively low limits of coverage under standard property insurance forms. For example, an insured would have to specifically schedule expensive jewelry, furs, and paintings in order to receive full value for a loss.
Popular Insurance Terms
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Coverage for furs owned by a furrier, or a customer's furs in the care, custody, and control of the furrier. Coverage is on an all risks basis except those specifically excluded: wear and ...
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