What can homeowners purchase to ensure full coverage of their personal property?

Homeowners can purchase Scheduled Personal Property endorsements or Floaters to ensure full coverage of their personal property. This type of endorsement is designed to provide additional coverage for specific items of personal property that may not be fully covered under a standard policy. For example, valuable items such as jewelry, collectibles, or artwork may have limited coverage under a standard homeowners policy.

By opting for Scheduled Personal Property endorsements or Floaters, homeowners can specifically list these high-value items and receive coverage that reflects their true value, often without the typical limitations found in standard coverage. This prevents situations where homeowners might suffer losses and find that their item is only partially covered, leading to insufficient reimbursement.

The other options do not provide the same level of comprehensive coverage for personal property. Standard coverage might not account for the specific high-value items, while Extended Coverage Endorsements often focus on additional risks rather than valuing specific personal property. Liability insurance, while essential for protecting against claims and lawsuits, does not cover the personal property itself at all, which is crucial for ensuring complete protection of a homeowner's belongings.