Saturday, March 14, 2015

What is schedule of loss in home insurance?

What is schedule of loss in home insurance?
Your question is not totally clear, but I will do my best. I think that you are referring to some sort of damage/loss to the contents of your home as a result of a covered loss. If you are, what the term refers to is a listing that has to be filed as part of your insurance claim of the items that were lost/damaged/destroyed. Depending upon whether you have "actual cash value" coverage or "replacement cost" coverage, you will be paid the depreciated value of the property, or the cost of replacing it with like kind and quality property. Was this answer useful?YesSomewhatNoThanks for the feedback! Edit Answer byRahul Ghosh Confidence votes 4 Wikipedia defines it as "A property owner may purchase insurance to indemnify against the loss of use of property, especially realproperty, such as a home, office, or business premises."Visit www(.)gibl(.)in for more info

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