Which of the following is a common endorsement for homeowners insurance?

The personal property replacement cost endorsement is a common addition to homeowners insurance policies that enhances the coverage for personal belongings. This endorsement allows for a policyholder to be reimbursed for the full replacement cost of their personal property in the event of a covered loss, rather than the actual cash value, which factors in depreciation.

For example, if a homeowner's TV is damaged or stolen, under a standard policy without this endorsement, the insurer might consider the TV's current market value, which could be significantly lower due to age and wear. However, with the replacement cost endorsement, the homeowner would receive enough to buy a new TV of similar quality and features, thus providing better financial protection and peace of mind.

While other endorsements mentioned may also be part of homeowners insurance policies, they are not as universally common or standard. The liability protection endorsement is generally integrated into the basic policy rather than added separately, while endorsements for fire and theft protection are typically included within a comprehensive home insurance policy. Earthquake damage endorsements are often specific and vary regionally, being less commonly included, especially in areas not prone to earthquakes.