POED is an all inclusive term for Property Of Every Description - building and contents combined under one insurance category. If you use this category is is very important that you have considered all the items and keep that total current for replacement or reconstruction cost.

This term is used when you wish to blanket a total amount. The other method is to list your building, equipment, stock, tools, and inventory as separate items.

Whether you choose the POED method or individually listing your coverage it is important you keep them up-to-date. Your insurance policy should reflect the actual replacement values with a consideration for seasonal variance.