insurance

Personal Property Coverage

Definition: Insurance that protects your belongings inside your home against covered perils.

Personal property coverage (also called contents coverage) protects your belongings—furniture, electronics, clothing, appliances, and more—against covered perils like theft, fire, and certain natural disasters.

What's Typically Covered:

  • Furniture and appliances
  • Electronics and computers
  • Clothing and shoes
  • Kitchen items and cookware
  • Books, media, and collections
  • Sports equipment
  • Tools and lawn equipment

    Coverage Limits:

Personal property coverage is usually a percentage of your dwelling coverage (typically 50-70%) or a specified dollar amount. Check your policy to ensure it's adequate.

Special Limits: Most policies have sub-limits for certain categories:

  • Jewelry: Often $1,500-$2,500
  • Cash: Usually $200-$500
  • Electronics: May have limits
  • Collectibles: Often limited

    Scheduled Personal Property:

For valuable items exceeding sub-limits, consider scheduling them separately on your policy for full coverage.

Related Terms

Actual Cash Value (ACV)

The replacement cost of an item minus depreciation at the time of loss.

Replacement Cost Value (RCV)

The cost to replace damaged or stolen items with new items of similar kind and quality.

Scheduled Personal Property

Additional coverage for specific high-value items listed individually on your policy.
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