Texas All Lines Adjuster Practice Test

What does unscheduled property refer to in insurance?

1. Items individually listed in an insurance policy

2. Property not itemized in the insurance policy

3. Valuables appraised and documented

4. Property excluded from standard coverage

The correct answer is: Property not itemized in the insurance policy

Unscheduled property refers to property that is not specifically itemized in an insurance policy. This means these items are covered under a broader category rather than being listed individually, which typically applies to personal belongings, furniture, and other items that have not been appraised or given specific values within the policy. This type of coverage allows for more general protection against losses that might occur to everyday items without needing an exhaustive inventory of each item. In contrast, the first choice mentions items that are individually listed, which directly opposes the concept of unscheduled property. The third choice refers to valuables that are appraised and documented, which would fall under scheduled items because they are specifically noted in the policy. Lastly, the fourth option involves property excluded from standard coverage, which again does not align with the definition of unscheduled property, as that would imply these items are not covered at all, rather than just unlisted.