Endorsements & Optional CoveragesQuestion 433 of 474
On a scheduled personal property endorsement, each article that is listed is:
a.Paid at actual cash value less the theft sublimit
b.Insured for a stated amount, usually with no deductible
c.Added to Coverage C without a separate limit
d.Covered only while it stays on the premises
Explanation
Scheduling lists each article with its own limit, normally set from an appraisal or a bill of sale, on an agreed or stated amount basis, usually with no deductible, and the coverage follows the item away from the home. The answer that leaves the item inside Coverage C misses the point of the endorsement, which is to give the article a separate limit instead of a share of the contents limit.
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