Scheduled Personal Property & Agreed-Value Coverage
The coverage mechanism behind every serious collection: scheduling individual high-value items at an agreed value so each is documented, insured to its true worth, and paid without depreciation.
How Scheduling & Agreed Value Work
"Scheduled personal property" and "agreed value" are the two ideas that make collectibles insurance work — and the two things a homeowners policy doesn't give you. Scheduling means listing your significant pieces individually on the policy. Agreed value means the carrier accepts each item's stated value up front, so there's no depreciation or valuation fight after a loss.
Scheduled vs. Blanket — Use Both
- Scheduled items. Your headline pieces — a rare die-cut sign, a museum-grade pump, a one-piece globe — are listed individually with documented values. Each is insured for a specific agreed amount.
- Blanket coverage. The broader collection — the run of common cans, tins, and lesser signs — is covered together under a single limit without listing each piece.
Most collections use a combination: schedule the standouts, blanket the rest.
Why Agreed Value Matters on Irreplaceable Items
Petroliana has no Blue Book and few exact comparables. After a loss, a standard "actual cash value" settlement invites the adjuster to depreciate and to argue what a one-of-a-kind item was "really" worth. Agreed value removes that fight: the number was settled when the policy was written, backed by your documentation or appraisal.
We Build the Schedule With You
We help you inventory, photograph, value, and schedule the collection correctly — and keep it current as you buy and sell. Good documentation up front is the difference between a smooth claim and a painful one, and it's the part of the process we do with every collector we insure.
What's Covered
Frequently Asked Questions
Scheduled coverage lists high-value items individually at a specific agreed value; blanket coverage protects the broader collection under one shared limit without listing each piece. Most collections use both — schedule the standouts, blanket the rest.
Whenever you make a significant purchase or sale, and at each renewal. Petroliana values move, so we review your schedule with you so you're never under- or over-insured.