Question

John's home is totally destroyed by a fire, and along with it most of his personal property. A few of the items were scheduled in his homeowners policy, such as his Rolex watch and a few antiques, but everything else was left as "unscheduled property." These "unscheduled" items,

A. will not be covered.
The Scheduled Personal Property endorsement is used to list (or schedule) certain items with higher coverage limits. Otherwise, all personal property normally kept at the insured premises is covered up to the Coverage C limit, with no need to list, or schedule, each individual item.
B. will have to be scheduled before they can be covered.
C. will take twice as long for indemnification since their times weren't scheduled.
D. will be covered under the normal policy limits

Answer 1

John's unscheduled items will be covered under the normal policy limits, even though they were not specifically listed in his homeowners policy.

Step-by-step explanation:

In this scenario, the 'unscheduled' items that were not listed in John's homeowners policy will still be covered under the normal policy limits. The Scheduled Personal Property endorsement is used to list certain items with higher coverage limits, but all personal property normally kept at the insured premises is covered up to the Coverage C limit, even if it is not specifically listed. So, John's unscheduled items will be covered, but their coverage will be subject to the regular policy limits.