What is a scheduled articles floater and what does it cover?

A scheduled articles floater is an add-on that gives your most valuable possessions broader, dollar-for-dollar protection than a standard home or renters policy provides. You list, or “schedule,” specific items, and each one gets its own agreed value and coverage.

It works as an endorsement to your existing policy. Once an item is scheduled, it is covered against nearly any kind of loss, often with no deductible.

A floater covers things your base policy limits or excludes:

• Mysterious disappearance. If you simply lose a scheduled ring, it is covered, where a standard policy would not pay.
• Full agreed value. You and the insurer set the value upfront, so there is no argument at claim time.
• Worldwide protection. Coverage follows the item wherever you take it.
• Accidental damage, such as chipping a diamond or cracking a collectible.

For example, suppose you own a $9,000 engagement ring. A typical homeowners insurance policy might cap jewelry theft at $1,500. If you lose the ring down a drain, the base policy pays nothing, but a scheduled floater would pay the full $9,000.

If you own jewelry, art, or collectibles worth protecting, scheduling them is usually inexpensive and gives real peace of mind. Request a free coverage review and we will help you schedule your valuables in Georgia.