What it does
Attaches a schedule of valuables to the homeowners policy. Each scheduled class and item has its own limit and is insured on the endorsement's terms rather than under the Coverage C special limits; loss settlement is on a standard (not agreed value) basis.
Who needs it
Clients whose valuables exceed the Coverage C special limits for theft or need broader perils.
Quoting and selling notes
- Use HO 04 60 for agreed-value settlement, or a stand-alone PM 00 09 / PM 00 10 personal articles policy.
- Business-use items (professional cameras or instruments) are generally ineligible.
Editions and availability
Editions in use and where they apply: 03 22 (41 jurisdictions); 05 11 (9 jurisdictions: AL, CA, CT, FL, GA, HI, LA, NC, VI); 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.
