The Opportunity Around Scheduled Items

As property insurance professionals and homeowners, each of us is familiar with the contents that are typically scheduled separately for specific coverage: a diamond engagement ring, Rolex watches, firearms, a fur coat, etc. In actuality, there are many more items that can and should be scheduled – and they’re not necessarily what you would think. Upright pianos, mountain bikes, riding mowers and large flatscreens are all items that can cost thousands of dollars, yet they remain tucked into standard coverage. 

Even modest baseball card collections can have a value in four figures. In fact, there are numerous examples in Enservio's database of items like these that have surprisingly high value. The opportunity to schedule these items is of significant benefit both to the carrier and the insured. The carrier wins by virtue of earning premiums that are larger and more accurate. The insured wins by virtue of being able to maintain better, more accurate coverage. This greatly increases customer satisfaction by avoiding the inevitable disappointment of insureds who bump up against coverage limits that are otherwise too low.