The burden of proof typically falls on the insurance company, so they have to prove the cause of the damage was something they explicitly exclude in their policy.. How much coverage do you have for ...

For example, if you have a watch that’s worth $15,000, you can schedule it for that amount with your condo, home, or renters insurance policy. Let’s say you scheduled your watch for that amount.

Here’s an example of how scheduled personal property coverage could apply. Say you lost or misplaced your engagement ring. You would likely not have sufficient coverage under a homeowners policy.

Adjust for tax or insurance purposes: Depending on why you’re calculating the value of your personal property, you may need to adjust the total value. For insurance purposes, you may want to ...

Intangible personal property is any type of asset that has value but isn't physical in nature. Examples of intangible personal property are copyrights, patents, intellectual property, and investments.