How is the currency of personal property coverage typically described under a homeowners policy?

The description of personal property coverage under a homeowners policy typically refers to coverage being provided in U.S. dollars. This means that in the context of a claim or when assessing the value of covered personal property, policyholders and insurance adjusters will evaluate the worth in U.S. currency. This is significant because it creates a standardization for calculations and settlements that aligns with the local economic environment in which the policy is issued.

The other choices do not accurately depict how personal property coverage is stated in relation to homeowners policies. Local or international currency references do not establish a clear basis for valuation in the insurance context, while "market value" is more subjective and can vary significantly. It does not provide a straightforward monetary framework used in claims processing. Therefore, describing the coverage in U.S. dollars ensures clarity and consistency for policyholders in the United States.