What it does
Works like HO 04 61 but settles covered losses to scheduled items on an agreed-value basis.
Who needs it
Clients with appraised jewelry, art or collectibles who want certainty on the value paid after a loss.
Quoting and selling notes
- Require current appraisals; schedule amounts drive both premium and settlement.
Editions and availability
Editions in use and where they apply: 03 22 (42 jurisdictions); 05 11 (11 jurisdictions: AL, CA, CT, FL, GA, HI, LA, NC, TX, VI, WA); 10 00 (1 jurisdiction: PR).
Homeowners endorsements are built for a specific program edition. When a carrier moves a state from the 2011 (05 11) program to the 2022 (03 22) program, the endorsement editions move with it, so match the endorsement edition to the policy form edition shown on the declarations.
