Without a quality inventory of your personal property and scheduled property that is current, the agent has only a guess of what your need should be for a covered loss.  This could mean you are over insured and paying to much premium or underinsured for a possible loss. Lack of inventory control could mean lost or misplaced property or unnecessary duplication of property.  An inventory of scheduled property is critical to establish its value and to provide coverage.  Personal property coverage is connected with a building, those items when removed will lack coverage with few exceptions. Sample forms and a suggested plan to accomplish this follow.

Today schools have many items that appreciate in value, are unique, or are items that are moved from place to place. These items do not fit the coverage benefits of the normal insurance policy, leaving them covered improperly, or not at all. Many of these items are excluded from the normal policy specifically.  Examples are antiques, collectibles, fine art, handbells, religious items, tools, portable computers, outside equipment, lawn equipment, cell phones, etc.  It is therefore critical to have an inventory to establish proper values and to provide schedule of item for coverage.