What Is Personal Property Coverage?

Personal Property Coverage is the part of your homeowners, renters, or condo insurance policy that protects the belongings inside your home. From your furniture and electronics to clothing and kitchenware, this coverage helps repair or replace your possessions if they’re stolen, damaged, or destroyed by a covered event.

Whether it’s a fire, burglary, or certain weather-related damage, this coverage ensures you can recover what you’ve worked hard to earn.

 What’s Covered?

Your policy typically covers personal items such as:

• –   Furniture and décor
• –   Electronics and appliances
• –   Clothing and footwear
• –   Kitchen items and cookware
• –   Bedding and linens
• –   Musical instruments
• –   Laptops and mobile devices
• –  Tools and hobby equipment

Even if your belongings are temporarily outside the home—such as in your car or a hotel—your coverage may still apply, depending on the circumstances.

 Covered Perils Typically Include:

• –  Fire or smoke
• –  Theft or vandalism
• –  Windstorm or hail
• –  Water damage from burst pipes
• –  Explosions
• –  Falling objects
• –  Damage caused by vehicles or aircraft

Note: Flood and earthquake damage are not included under standard personal property coverage. Optional riders or policies may be needed for full protection.

 Replacement Cost vs. Actual Cash Value

You can choose how your personal property is valued:

• –  Actual Cash Value (ACV): Pays what your items are worth today, factoring in depreciation.
• –  Replacement Cost: Pays what it would cost to replace items at today’s prices, with no depreciation deduction. (Highly recommended)

 High-Value Items May Require Extra Protection

Standard policies may have dollar limits on valuables like:

• –   Jewelry
• –   Artwork
• –   Firearms
• –   Collectibles
• –   Antiques

You can add scheduled personal property coverage to protect these high-value items fully.

 Why You Need Personal Property Coverage

If the unexpected happens, replacing your belongings could cost tens of thousands of dollars. Personal Property Coverage gives you peace of mind and financial protection—helping you rebuild your life without starting from scratch.

Have questions or want a free quote?
Contact us today at (954) 824-2191 or use our quick online form to get started.