Are Your High-Value Belongings Really Covered? What You Need to Know About Scheduled Property

​When you purchase homeowners insurance, you expect that it covers everything inside your home. But most people are surprised to learn that there are coverage limits on certain high-value items, which means your expensive gear or heirlooms might not be fully protected.

If you own things like fine jewelry, expensive bicycles, firearms, collectibles, designer handbags, or custom tech equipment—this post is for you.

​Understanding Personal Property Coverage Limits

Most homeowners insurance policies include personal property coverage, which typically covers the belongings inside your home from theft, fire, and certain types of damage. However, there are category-specific limits that cap how much the policy will actually reimburse you for in the event of a loss.

Some common limits include:
• Jewelry: Often capped at $1,500–$2,500 for theft
• Bicycles or sporting equipment: $1,000–$2,500 depending on the policy
• Collectibles, art, or musical instruments: Usually limited unless appraised and listed
• Electronics: May be covered only partially, depending on how the damage occurred

If you haven’t checked your policy in a while, you may not realize these caps exist—and that’s where scheduled property coverage comes in.

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What Is Scheduled Property?

Scheduling property means you’re specifically listing an item (or set of items) on your insurance policy with a verified value, such as through an appraisal or receipt. This scheduled coverage ensures those items are insured for their full replacement value, not just the standard sub-limit of your homeowners policy.

This kind of endorsement offers:
• Full reimbursement in case of loss, theft, or even certain types of accidental damage
• Low or no deductible for scheduled items in some cases
• Coverage outside your home, such as when traveling

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Arizona-Specific Considerations

Here in Arizona, especially in areas like Prescott, Tucson, and Phoenix, we see a lot of clients with high-value outdoor equipment—like $5,000+ mountain bikes, photography drones, or jewelry collections.

While Arizona has relatively low theft rates compared to some regions, that doesn’t make your valuables immune to fire, flood, or travel damage. We’ve also seen increases in wildfire-related claims where valuable items weren’t covered due to policy caps.

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How to Schedule Property on Your Policy

The process is simple but important:
1. Create a list of your valuables and their estimated value
2. Gather receipts, appraisals, or proof of ownership
3. Talk to your insurance broker (that’s us!) to discuss coverage options
4. Add them as scheduled property to your policy through an endorsement

Many people think this is expensive—but it’s actually very affordable compared to the replacement cost of your valuables.

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Final Thought: Peace of Mind Is Worth It

Whether it’s your engagement ring, mountain bike, designer handbag, or your camera gear, knowing it’s fully insured is worth the small cost and time. Life is unpredictable—but your insurance coverage doesn’t have to be.

Let our team at VIP Insurance Professionals walk you through it. We’ll help you find the gaps, secure your valuables, and build a policy that works for your lifestyle.