A: Scheduled coverage involves more preparedness and organization on the part of the insured. You may need to create an itemized list of the items you want to insure and provide it to your insurance carrier, along with documentation stating the value of the items. This way, each of your items will be insured separately, according to individual values listed on the policy. Blanket coverage provides a certain amount of coverage, a limit, for a class of property, as well as an additional sub-limit per item.