The limited theft endorsement is intended for which type of property?

The limited theft endorsement is specifically designed to cover personal property located in an apartment building where the owner does not reside. This type of endorsement is essential for landlords who own rental properties and wish to protect their personal belongings that might be kept within the rented spaces.

In this context, the landlord may have items such as maintenance tools, furniture used in common areas, or appliances that need to be insured against theft even though they are not occupying the apartment themselves. The endorsement addresses the unique needs of property owners in multi-unit dwellings, where theft could occur but not under typical homeowner policies.

The other property types listed—single-family homes, multi-family residences, and vacation homes—often have different coverage needs and policies that specifically address the owner’s or resident’s belongings, rather than the provisions needed for an absentee landlord. This makes the coverage provided by the limited theft endorsement particularly suitable for the scenario described.