What does a scheduled property endorsement offer?

A scheduled property endorsement provides coverage specifically for high-value items by listing them individually in the policy. This kind of endorsement is particularly beneficial for businesses that own expensive equipment or valuable items, as it ensures those assets are adequately insured. Each item on the schedule typically has its own coverage limit, which allows for tailored protection that reflects the actual value of the items.

This focus on specific, high-value items contrasts with a general coverage policy, which might not offer sufficient protection for assets with greater worth or unique characteristics. Additionally, a scheduled property endorsement is not meant to provide liability coverage for property damage or coverage for employee injuries, which belong to different types of insurance policies. The specificity of the scheduled property endorsement is essential for businesses wanting peace of mind for their most valuable assets.