What does Scheduled Coverage mean? Read on to discover the definition & meaning of the term Scheduled Coverage - to help you better understand the language used in insurance policies.
An insurance policy provides scheduled coverage when a number of different insured items are specifically listed on the policy. It differs from non-scheduled coverage, which provides a certain amount of coverage for a variety of items that don't have to be specifically listed.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Scheduled Coverage. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: