What is a "scheduled personal property endorsement"?

A scheduled personal property endorsement is indeed an additional coverage that specifically addresses high-value items owned by an individual. This type of endorsement is typically attached to a standard homeowner's policy and provides additional protection for specified items that may otherwise have limited coverage under the standard policy. For instance, if you own expensive jewelry, fine art, or collectible items, a scheduled personal property endorsement allows you to list these items individually and ensure they are covered for their full value. This is particularly important as many standard policies have caps on the amount of coverage for personal property, leading to potential gaps in protection for valuable possessions.

In contrast, the other options focus on different types of coverage that do not pertain to the scheduling of personal property for high-value items, which is the defining feature of this endorsement.