Personal property coverage normally provides coverage only at your described location, i.e. your office or warehouse. Contractors perform their operations on jobsites. Their equipment travels with them. This makes it necessary to schedule your equipment.
Smaller tools, normally $2,500 or less in value, can be included in a total amount, i.e. $25,000 or $50,000. Any tool or piece of equipment with a value of over $2,500 should be listed with description, serial number if applicable and value.