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What is a schedule of loss in home insurance?

I’ve been pouring over my home insurance policy and trying to figure out what it all means. I came across an unfamiliar term—schedule of loss. What on earth is a schedule of loss in a home insurance policy?

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Natalie Todoroff · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
A schedule of loss in home insurance is what your provider will reimburse you on a claim for something on which you’ve purchased additional coverage—called a schedule.
A schedule is just insurance-speak for a list, usually of add-ons, clarifications, or exclusions to your policy. For home insurance, this usually refers to scheduled personal property coverage, which is coverage purchased in addition to personal property coverage that specifically protects:
  • Works of art
  • Other high-value items
Loss refers to the amount that a home insurance provider will pay you on a claim you’ve filed. Thus, schedule + loss = schedule of loss.
There’s a lot that goes into home insurance, and
Jerry
is here to help you parse through it all. If you ever have questions about your policy, Jerry’s friendly agents are always a text message away through the app.
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