Does Georgia require scheduled personal property insurance?

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Quick answer: No. Georgia law does not mandate it, and no O.C.G.A. provision sets a minimum for scheduled personal property. It is a voluntary endorsement or standalone floater that covers items like jewelry, art, cameras, and firearms that exceed a standard homeowners policy's per-category sublimits.

Georgia law does not require scheduled personal property insurance. No provision in the Official Code of Georgia Annotated (O.C.G.A.) sets a minimum coverage level for jewelry, art, cameras, firearms, or other valuables. Adding this coverage is entirely voluntary.

Scheduled personal property insurance, often called a floater, lists an individual item on a policy at an agreed value, meaning the payout is fixed at the value set when the item was scheduled rather than reduced for depreciation after a loss. A standard homeowners or renters policy in Georgia already covers personal property as a group, but it caps certain categories with a sublimit, a built-in dollar ceiling on payouts for that category regardless of the policy's overall personal property limit.

For example, a homeowner who owns a $9,000 engagement ring and a $4,000 camera kit may find that a standard policy's jewelry and electronics sublimits fall well short of either item's value on its own. Scheduling those items separately, either as an endorsement on the homeowners policy or as a standalone floater, insures each one at its full agreed value instead of the group sublimit.

Because scheduling is optional, coverage terms, pricing, and which items qualify vary by carrier. Georgia scheduled articles insurance explains what typically qualifies for scheduling and how agreed value works, alongside how a homeowners policy handles personal property on its own.

Two questions usually come up once a household decides to schedule an item: whether an appraisal is required first, and how a scheduled endorsement compares to a standalone specialty policy. If a claim on a scheduled item is later denied, Georgia law provides specific remedies.

A coverage review compares current sublimits against the actual value of jewelry, art, cameras, firearms, and other valuables in a household, showing where a gap exists between an item's value and what the base policy would pay out. Schedule a coverage review, or see carriers available through Olive Cover that write scheduled property coverage in Georgia.