What type of policy covers only the items that are specifically listed?

A scheduled policy is specifically designed to cover only the items that are explicitly listed in the policy documents. This means that if an item is not mentioned in the policy schedule, it will not be covered in the event of a loss. This type of insurance provides tailored coverage for high-value items, like jewelry, fine art, or collectibles, where the insured wants to ensure that only those specific items are protected.

In contrast, a comprehensive policy typically covers a wide range of risks and does not limit coverage to only listed items. Basic policies may provide more general coverage but do not focus on specifying individual items. A full coverage policy might imply broader coverage but could also cover items that are not distinctly enumerated, making it different from the specific nature of a scheduled policy. The key characteristic of a scheduled policy is its explicit listing of covered items, which clarifies what is included in the coverage.