Scheduled property – this legal term finds application in the Insurance Law. It refers to detailed list describing the movable property and its value. For example, personal belongings, finishing works, fittings, furniture and other items that are subject to the insurance policy. This list is usually an integral part of the insurance policy. Also, it enables a proper compensating in case the insured event occurs.
Example: “The applicant declares there is no scheduled property in the premises to be insured. Including against the risk of vandalism or theft. So he does not want to add such property value in the insurance policy”.