The part of an insurance policy that sets out the detail that is specific to the individual contract. The information includes: name and address of insured, policy inception date, the period of insurance and the premium.
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An Insurance Policy that covers under separate agreements several enumerated causes of losses, which are otherwise frequently covered under individual separate policies.
Insurance Encyclopedia
Schedule policy (Property Insurance)
A policy that lists separately the kinds of property covered, the locations covered, or the different kinds of coverage, along with how much insurance coverage applies to each.
Schedule rating
A debit and credit plan that recognizes variations in the hazard-causing features of an individual risk.
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A more refined version of class rating in which the rate depends upon a more detailed analysis of the exposure’s characteristics, Schedules vary in the degree of flexibility they permit the person determining the rate.
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An analysis of the various physical elements of a risk attempting to provide an equitable rate for Insurance generally in Fire or workmen’s compensation. There is a Direct relation between the physical conditions and the loss experience.
Schedule rating plan (Vehicle Insurance)
A plan that permits adding credits or deducting debits from a commercial risk based on certain features.
Scheduled dental plan
Dental insurance that pays for specific procedures listed on a fee schedule.
Scheduled Flight
Any service that operates to a set timetable.
Scheduled Limit
Specified rupee limit of coverage for a particular loss.
Scheduled Personal Property
Under the Householders insurance, valuable items of personal property (furs, jewellery, antiques) can be afforded broad all risk coverage by endorsement. This is similar coverage to that provided under an All Risks Insurance Policy.
Scheduled premium variable life insurance (Life Insurance)
A type of whole life policy that has a fixed premium amount and a guaranteed minimum face amount.
Scheduled property floater
An inland marine form of policy specifically insuring various individual items. Articles of unusual value, provided they are movable, may normally be written this way and insured against many hazards, often against all risks.