SCHEDULED PROPERTY COVERAGE
insures property of the insured and property of others with no limitation as to place. It is a floater form and coverage is on an all risk type basis. The property covered must be specifically identified and described and a limit of insurance assigned to it. Coverage applies on premises, off premises and in transit. Scientific instruments, voting machines, and religious organization paraphernalia are some examples of property that might be covered on this form. Items scheduled and insured on this form should be removed from the property coverage form in order to eliminate duplicate coverage and premium charges.