What term describes property that is covered under an insurance contract but is not specifically listed?

• A. Scheduled Property
• B. Insured Property
• C. Unscheduled Property
• D. Valued Property

Answer: (C)

The term that describes property that is covered under an insurance contract but is not specifically listed is "unscheduled property." This refers to items that are included in the coverage of an insurance policy without the need for them to be individually detailed or enumerated. Unscheduled property coverage is common in certain types of insurance, where a general amount of personal property is covered under broader terms rather than specific listings.

Scheduled property, on the other hand, refers to items that are specifically identified in the policy, often with individual values outlined for each item. Insured property is a more general term that could encompass various types of property covered by a policy but doesn’t specifically indicate whether they are listed or not. Valued property typically pertains to coverage that agrees on a specific amount to be paid in the event of a loss, usually for high-value items or collectibles.

In the context of this question, unscheduled property clearly identifies items that are covered without being individually listed, making it the appropriate term for the situation described.