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Scheduled Property Insurance - Let us find your best coverage - one policy for all of your buildings and locations
Own several buildings or operate from more than one location? Insure them all on one commercial property policy with a limit for each building. Send us your schedule and we will shop 50+ carriers – no cost, no obligation. Prefer to talk? Call 800-616-3490.
Scheduled Property Quote Request
Applicant Information:
Have these handy
- A completed Statement of Values (download the workbook)
- Currently valued loss runs for the past 5 years
- Current property declarations pages and renewal date
- Lender or mortgagee requirements for each property
Related coverage
Coverage details
What Scheduled Property coverage includes
A scheduled property policy insures multiple buildings and locations under one commercial property policy. Each building is listed on a schedule, called a Statement of Values, with its own limit. It is the standard approach for real estate investors, landlords with several rentals, associations, churches and businesses with more than one location: one policy, one renewal date, and often better pricing than separate policies.
- Per-building limits - Each building on the schedule has its own building, contents and income limits.
- Blanket option - One combined limit shared across all scheduled locations, subject to the carrier's terms.
- Business or rental income - Lost rent or income while a damaged building is repaired.
- Newly acquired property - Limited automatic coverage for properties you buy mid-term, for a set number of days.
- Ordinance or law - Extra cost to rebuild older buildings to current codes.
Good to know: underwriters price from the values you report, so use replacement cost, not market value. Send the completed workbook 45 to 60 days before renewal; carriers may inspect larger or older properties.
Not covered: flood, earthquake, wear and tear, and buildings vacant beyond the policy's vacancy period unless endorsed. Liability is written separately; see the options below.
Insurance Application:
Scheduled Property
Required forms
Statement of Values Workbook (Excel)
Commercial Property Supplemental Application (PDF)
Related supplements (add any that apply)
Single-Family Rental Portfolio (Long-Term) (PDF)
Difference in Conditions (DIC) (PDF)
Download, complete and email to info@societiesinsurance.com, or attach them with your quote request. More options are listed below.
Contact details
Prefer to talk?
- Toll-Free: 800-616-3490
- East Coast: 706-550-4418
- West Coast: 206-755-0101
- info@societiesinsurance.com
- Mon-Fri 8:00am - 6:00pm, Sat 9:00am - 12:00pm
Scheduled property explained
How a scheduled property policy works
Instead of a separate policy for every building, all of your properties are listed on one schedule and insured under one policy.
Statement of Values
The schedule of every building: address, construction, occupancy, protection and replacement cost values.
Scheduled limits
Each building is insured up to its own listed value. A loss at one property is paid up to that building's limit.
Blanket limits
One total limit covers all locations, so a large loss at one building can draw on the combined amount.
Margin clause
Some carriers cap any one building's recovery at a percentage above its scheduled value, such as 110% to 125%.
Agreed value
Waives the coinsurance penalty when values are reported accurately.
One renewal
A single policy, renewal date, premium and set of documents for your whole portfolio.
Scheduled or blanket? Scheduled limits cost less to set up and work well when values are accurate and stable. Blanket limits give more flexibility when one building could be underinsured, but usually require a complete, current Statement of Values and sometimes a higher premium. We can quote both.
Submitting multiple properties
How to submit multiple properties to underwriting
Underwriters quote scheduled property from a Statement of Values. Our workbook has everything they need, with dropdowns, a completed sample and automatic totals.
Download the Statement of Values workbook (Excel)
Step by step
- 1. Download the workbook and read the Instructions tab.
- 2. Complete Submission & Coverage: your details, current program and the coverage you want quoted.
- 3. List every building on the Statement of Values tab, one row per building. The Sample SOV tab shows the expected detail.
- 4. Add loss history for the past 5 years and attach carrier loss runs.
- 5. Send it to us with the quote request above, or email info@societiesinsurance.com.
- 6. We market your schedule to carriers that fit your properties. Underwriters may ask for photos or an inspection.
- 7. Review proposals side by side, choose your coverage and bind. Your policy includes the final schedule.
What underwriters review
- Construction: frame, masonry or fire resistive, year built and stories
- Occupancy: how each building is used and by whom
- Protection: fire protection class, sprinklers and alarms
- Exposure: coastal, wildfire, flood zone and neighboring risks
- Updates: roof, electrical, plumbing and HVAC
- Values: replacement cost and how it was estimated
- Loss history and vacancy at each location
Adding or selling a property mid-term? Tell us right away. We add or remove the building by endorsement with a pro-rated premium, and newly acquired coverage protects a new purchase for a limited time while we update the schedule.
Property options
Coverage for property portfolios
Start with the Statement of Values workbook, then add any coverage that fits your properties.
Property types
Single-Family Rental Portfolio (Long-Term)
Portfolios of long-term rental homes.
Get a quote Supplemental application (PDF)Short-Term Rental Portfolio
Portfolios of short-term rentals.
Get a quote Supplemental application (PDF)Add-ons and liability
Commercial General Liability
Liability for your properties.
Get a quote Supplemental application (PDF)This is a general overview. Coverage, availability and pricing vary by state, carrier and policy, and the policy itself controls. Questions? Call 800-616-3490.