A list of items “scheduled” or covered under a home insurance policy. Schedules can list specific benefits, assets, charges, credits and other features that are unique to the policy, such as earthquake insurance.
When an event occurs and damages an insured person’s home, a quick look at the schedule inside an insurance policy reveals whether or not that particular type of incident is covered.
The schedule also lists the insured’s name, address and phone number; other types of coverage added to the policy and the cost of each; policy limits, and other information containing all the specifics of the insurance plan.
Come renewal time, the new policy issued should contain an insurance schedule, along with the date of policy renewal.