What limitation is often associated with scheduled tenant coverage?

Scheduled tenant coverage is a type of insurance that provides specific coverage for designated items or properties listed in the policy. The primary limitation of this coverage is that it is restricted to the properties that have been pre-assigned and specifically named in the schedule. If an item or property is not included in this list, it will not be covered under the policy, regardless of the circumstance of the loss or damage. This limited scope underscores the importance of policyholders being diligent in ensuring that all significant items they wish to insure are included in the schedule.

In contrast, the other options present issues that typically do not reflect the core limitation of scheduled tenant coverage. For instance, while high deductibles could apply to any kind of insurance policy, they are not a defining characteristic of scheduled tenant coverage. Similarly, coverage for minor incidents and exclusions for business-related damages may pertain to other types of policies or specific circumstances but are not inherently limitations of scheduled tenant coverage itself.