Assets are the valuable properties, possessions, resources, equipment, and contents that a person or company owns. These encompass a wide range of items that hold value and contribute to an individual’s or organization’s wealth.
They can include tangible assets like real estate properties, vehicles, and equipment, as well as intangible assets such as investments, savings, bank accounts, and intellectual property. They are an essential component of personal and business finance, as they can be utilized, leveraged, or sold to generate income, provide security, or serve as a basis for future investments. Managing and maximizing assets is crucial for individuals and businesses to maintain financial stability and achieve long-term growth.
At PSIC, when we talk about assets, we can mention two types of coverages to protect your most precious possessions: unscheduled personal property or scheduled property.
Unscheduled personal property is an extra layer of protection in case your personal property gets damaged or lost. It offers a higher coverage limit for unitemized or new possessions.
On the other hand, scheduled property or special personal property coverage is an enhanced level of protection that provides greater security for valuable items such as electronics, jewelry, furniture, art, and more.
You can find both coverage options in our Homeowners, Renters, Condo, and Mobile home insurance policies.
These terms might be similar or associated with the term you have read before.
At PSIC, we consider that they can be helpful for you.
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Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
Categories of Personal Information Collected
Purposes for Collecting and Using Your Personal Information
Managing Human Resource Functions:
Conducting business operations:
Monitoring:
Compliance with:
Investigating:
We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.