What is a 'scheduling endorsement' in commercial property insurance?

A scheduling endorsement in commercial property insurance is designed to list specific covered properties along with their values separately in the policy. This allows the insured to identify and assign individual values to different properties covered under the policy, which is particularly useful for businesses that own multiple pieces of property or different types of assets. By clearly delineating these properties and their respective values, the policy accommodates the unique coverage needs of the business.

This approach enables better risk management and ensures that each item is appropriately insured according to its value. It also helps in claims processing, as the specific schedule can serve as a reference for the insurer when determining the coverage for individual properties in the event of a claim.

In contrast, the other options relate to different aspects of insurance policies. One discusses liability coverage limits, another concerns increasing deductibles, and the last involves a location-based premium adjustment—none of these pertain to the specific function of identifying and enumerating covered properties as the scheduling endorsement does.