Reasons why an insured might add a scheduled personal property endorsement to a homeowners policy include which of the following?
I.To lower the premium by limiting the perils covered
II.To obtain higher limits for certain personal property

Question

Quizplus · Accepted Answer

A scheduled personal property endorsement is typically added to a homeowner's insurance policy in order to provide additional coverage for high-value items that are not covered under the standard policy. By scheduling the items, the insured can obtain higher limits for those specific items. It does not typically lower the premium as it is adding additional coverage.

Reasons Why an Insured Might Add a Scheduled Personal Property