Final answer:
The Peak Season Endorsement applies to seasonal inventory, providing additional coverage for fluctuations in inventory value during peak times.
Step-by-step explanation:
The Peak Season Endorsement typically applies to the class of property known as seasonal inventory. This kind of endorsement is designed to provide additional coverage to businesses for inventory that may fluctuate in value depending on the time of year. For example, a retailer might have higher levels of inventory during holiday periods to meet increased consumer demand. Such an endorsement would not specifically apply to perishable goods or holiday decorations unless they are considered part of the business's seasonal inventory.