Which type of insurance coverage outlines specific items with appraised value?

Study for the New Hampshire Insurance Licensing Exam. Prepare with flashcards and multiple choice questions, each with hints and explanations. Get ready for your exam!

Scheduled insurance is the type of insurance coverage that outlines specific items with appraised values. This type of policy lists each item individually, along with its insured amount, allowing policyholders to receive compensation for those specified items according to their appraised values in the event of a loss. It provides clear documentation and makes it easier to determine the value of each item, ensuring that policyholders are adequately covered for high-value possessions.

In contrast, blanket insurance covers multiple items under a single limit without detailing the value of each individual item. Liability insurance, on the other hand, provides coverage for legal claims made against the policyholder but does not cover specific items or their values. General property insurance typically refers to broader coverage types that include multiple types of property but do not focus on appraising individual items. Therefore, scheduled insurance is the best answer as it specifically addresses the need for appraised values for defined items.

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