Insurance Schedule

A schedule in insurance lingo for list – they’re used to define various add-ons, exclusions, or clarifications in your policy (like Lemonade’s Extra Coverage for your stuff, or protection against mold).

What’s an insurance schedule?

There are many types of insurance schedules, from additional people covered on your policy to types of windstorm damage your insurer can’t cover, and even coverage for different types of mold (seriously!).

Two of the most common types of schedules have to do with add-ons and exclusions to the basic renters or homeowners policy: scheduled personal property and canine liability exclusion.

The former refers to extra coverage for valuable items, and the latter refers to a list of breeds your insurer won’t be able to cover.

Why would you need to schedule personal property?

Most insurance companies have max amounts (referred to as limits of liability), that cap off how much coverage you’ll get for certain valuable items like bikes, cameras, or rings.

For these cases, there’s an endorsement, or add-on, for your stuff.

So say your policy has a cap of $1,000 in electronics coverage (meaning you’d get max $1K, minus your insurance deductible, if your electronics were damaged or stolen), but you happen to have some stuff that’s more expensive. Time to schedule your stuff!

You can usually do it when getting a policy, but if you need to change it after the fact, you can usually do that online, over the phone, or through an app, depending on your company.

Scheduling valuable stuff like jewelry, bicycles, and expensive electronics is pretty common, especially because it comes with a few extra perks.

Damages and losses to scheduled personal property is almost always covered under replacement cost (rather than actual cash value), will be covered for a more comprehensive range of perils, and won’t usually include a deductible. Winning!

To add Extra Coverage at Lemonade, we’ll just need some basic documentation about the valuable items in question—we explain all of that here.

Scheduled exclusions or clarifications

A schedule doesn’t just apply to your stuff.

As we mentioned before, it’s essentially just a fancy word for a list. And schedules are also used when talking about exclusions or clarifications.

Windstorm deductibles and schedules

In New York state, renters and homeowners have something extra tacked onto their policy: a windstorm deductible. Since this isn’t standard to most renters or homeowners policies, the schedule lays out exactly how much your insurer will be on the hook in the event of a claim.

This example highlights how a schedule is used to clarify the insurer’s financial responsibility, if something were happen due to this specific instance.

Schedules are also used to list out stuff that’s excluded under your policy.

Coverage for your canine friends and schedules

On most insurance policies, there will be a list of dog breeds that are excluded from your personal liability coverage.

Dangerous breeds get a bad rap – and we know it’s not their fault! But currently, these dogs are a risk that most insurers just aren’t willing to take on.

The description of the canines in question can be found in a schedule at the end of your policy under the Canine Liability Exclusion Endorsement.

Please Note: These definitions don’t alter the terms, conditions, exclusions, or limitations of policies issued by Lemonade. They are intended for educational purposes only - they’re not meant to be used in lieu of professional legal or financial advice. We’ll do our best to keep them updated, but they may not always reflect current industry developments. Feel free to use the terms with attribution (friends don’t let friends plagiarize!)

Property and casualty insurance provided by Lemonade Insurance Company, 5 Crosby St., 3rd floor, New York, NY 10013. Life Insurance provided by North American Company for Life and Health Insurance®, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193.

Lemonade Insurance Agency, LLC (LIA) is acting as the agent of Lemonade Insurance Company and Lemonade Life Insurance Agency, LLC (LLIA) is acting as the agent of North American Company for Life and Health Insurance®. Both LIA and LLIA receive compensation based on the premiums for the insurance policies each sells. Further information is available upon request.

LLIA is a sub-producer of Bestow Agency, LLC. Life insurance quotes are provided by Bestow Agency, LLC dba Bestow Insurance Services in CA, who is the licensed agent. Term Life insurance policies are issued on North American Company for Life and Health Insurance® policy form LS181 and LS182, or state version including all applicable endorsements and riders. Products or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply. Not available in New York. Our application asks about your lifestyle and health; your answers allow us to save you time and avoid offline medical exams.