What it does
Increases the dollar special limits for designated categories of personal property.
Who needs it
Clients with valuables just above the special limits who do not want itemized scheduling.
Quoting and selling notes
- For high-value items, scheduling under HO 04 61 or a PM floater gives broader perils and item-by-item limits. HO 04 66 is the companion version for HO 5.
Editions and availability
Editions in use and where they apply: 03 22 (41 jurisdictions); 05 11 (10 jurisdictions: AL, CA, CT, FL, GA, HI, LA, 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.
