Contents Inventory Scheduled Property Total Tool

Audit actual property inventory by explicit schedule/value evidence and independently verified item limits, preserving unvalued items; not appraisal or coverage determination.

Description

A contents inventory separates scheduled and unscheduled values with evidence.

A contents inventory separates scheduled and unscheduled values with evidence. Item-specific schedule limits can be deficient even when total inventory appears adequate.^[1]

The returned values include Known scheduled property value minor, Known unscheduled property value minor, Scheduled items without value evidence, Known schedule limit deficit item ids. The How section below explains the calculation, input rules and interpretation.

When to use Contents Inventory Scheduled Property Total Tool

Use Contents Inventory Scheduled Property Total Tool when you need to evaluate the supplied records under the calculation and evidence rules below. No appraisal, missing-value extrapolation or coverage determination is supplied.

Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.

How to use Contents Inventory Scheduled Property Total Tool and understand its results

Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
Enter observedItemIds, callerItemReplacementMinor, callerScheduledItemFlags, itemValuationEvidenceFlags, callerVerifiedScheduleLimitsMinor using the field table and calculation rules, then run the tool.
Read knownScheduledPropertyValueMinor, knownUnscheduledPropertyValueMinor, scheduledItemsWithoutValueEvidence, knownScheduleLimitDeficitItemIds. The explanation below defines the units, signs, ordering and any flags or placeholder values.
If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.

Input field	Meaning	Value type; see rules below	Requirement
observedItemIds	Observed item ids	list of string	Required
callerItemReplacementMinor	Caller item replacement minor	list of number	Required
callerScheduledItemFlags	Caller scheduled item flags	list of number	Required
itemValuationEvidenceFlags	Item valuation evidence flags	list of number	Required
callerVerifiedScheduleLimitsMinor	Caller verified schedule limits minor	list of number	Required

Enter aligned nonempty unique nonblank item IDs, integer replacement values/limits 0–10¹² each and binary schedule/evidence flags. Return known scheduled and unscheduled totals, scheduled IDs lacking valuation evidence and known scheduled IDs strictly over their limits.

knownScheduled=sum(value where scheduled1 and evidence1); deficit when knownScheduledItemValue>itemLimit

Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.

Output field	Meaning	Value type
knownScheduledPropertyValueMinor	Known scheduled property value minor	number
knownUnscheduledPropertyValueMinor	Known unscheduled property value minor	number
scheduledItemsWithoutValueEvidence	Scheduled items without value evidence	list of string
knownScheduleLimitDeficitItemIds	Known schedule limit deficit item ids	list of string

json

{
  "input": {
    "observedItemIds": [
      "ring",
      "chair",
      "watch"
    ],
    "callerItemReplacementMinor": [
      1000,
      500,
      2000
    ],
    "callerScheduledItemFlags": [
      1,
      0,
      1
    ],
    "itemValuationEvidenceFlags": [
      1,
      1,
      0
    ],
    "callerVerifiedScheduleLimitsMinor": [
      1200,
      0,
      1500
    ]
  },
  "output": {
    "knownScheduledPropertyValueMinor": 1000,
    "knownUnscheduledPropertyValueMinor": 500,
    "scheduledItemsWithoutValueEvidence": [
      "watch"
    ],
    "knownScheduleLimitDeficitItemIds": []
  }
}

Limitations and assumptions

No appraisal, missing-value extrapolation or coverage determination is supplied.

Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Numeric lists are limited to 10,000 entries; string lists to 128 strings of at most 128 characters each. The rules above may impose smaller limits. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.

Alternative or Complementary methods

Use Inland Marine Scheduled Floaters Lookup: Scheduled floaters apply item-specific limits to independently covered losses. Unscheduled items must remain explicit rather than being treated as blanket cover. For a complementary task, use Home Dwelling Coverage Rebuild Cost SQFT Calculator: Rebuild cost can be budgeted by component area and matched rates, with independent fixed costs. Replacement cost differs from real-estate market value.

References

Contents Inventory Scheduled Property Total Tool — tool.io

Similar or alternative tools

Inland Marine Scheduled Floaters Lookup
Scheduled floaters apply item-specific limits to independently covered losses. Unscheduled items must remain explicit rather than being treated as blanket cover.
Home Dwelling Coverage Rebuild Cost SQFT Calculator
Rebuild cost can be budgeted by component area and matched rates, with independent fixed costs. Replacement cost differs from real-estate market value.