Which of the following might you need to purchase separately if you have high-value items?

When it comes to ensuring that high-value items are adequately protected under a homeowners policy, a scheduled personal property endorsement is often necessary. This type of endorsement allows policyholders to specifically list and insure valuable items, such as jewelry, art, collectibles, and other high-value possessions, for an amount that is reflective of their actual value.

Standard homeowners insurance policies typically have limits on the coverage for personal property, and these limits may not fully cover items that exceed those predefined thresholds. By adding a scheduled personal property endorsement, homeowners can receive the appropriate level of financial protection for their most valuable items, ensuring they are covered in the event of loss or damage.

This endorsement also often provides for fewer coverage restrictions and may not require the same degree of proof of loss as standard coverage, which is crucial for high-value items that could be difficult to substantiate after a claim. Thus, choosing this option is a proactive step in safeguarding valuable belongings effectively.