What is personal property coverage in an insurance policy?

Personal property coverage is important. You should make sure you understand what it covers and how much you need to include in your policy.

Personal property coverage protects things within your home like your computer, comfy couch, and favorite jacket from damage due to a covered loss. Whether you own a house, condo, or rent an apartment, your property insurance policy typically includes personal property coverage.

We can help you find property insurance for your home.

What does personal property coverage cover?

Personal property coverage can help pay to repair or replace your personal items after a covered loss, such as fire or theft.

Protected items generally include:

• Furniture
• Appliances
• Clothing
• Electronics (TVs, computers, cameras)
• Tools
• Dishes/cookware

Personal property coverage may also extend to losses that occur away from your residence. Coverage may be more limited for these losses.

How much Personal Property Coverage Do do I need?

Many people underestimate the total value of their belongings. From furniture and electronics to clothing and appliances, your household possessions may be worth more than you think. Personal property insurance helps protect these items against covered losses such as theft, fire, and certain natural disasters. Use our personal property calculator to find out how much personal property coverage you need.

I rent. Does my landlord's insurance cover my personal belongings?

No, your landlord's insurance policy typically only covers the building structure - not your personal possessions. Renters insurance provides personal property coverage, ensuring your belongings are protected from covered risks like fire, theft, or water damage. Get a personalized quote to find the right level of coverage for your rental home.

Does Homeowners Insurance Cover My Personal Property?

Homeowners insurance usually includes personal property coverage, which helps protect your belongings if they're damaged or stolen due to covered events like fire or theft. This often includes items like furniture, electronics, and clothing. However, there are limits to how much your policy will pay, and certain risks, like floods or earthquakes, typically aren't covered unless you add separate endorsments. It's a good idea to review your policy to understand what's included and where you might need extra protection.

Does Condo Insurance Cover My Personal Belongings?

Condo insurance (HO-6) generally includes personal property coverage to protect items inside your unit, like furniture, appliances, and electronics. While the condo association's master policy usually covers the building itself, your individual policy handles what's inside your space. Covered events often include fire, theft, and vandalism, but damage from floods or earthquakes, may require extra coverage. If you own high-value items like jewelry or collectibles, you might need to add scheduled personal property coverage for full protection.

Does Personal Property Insurance Cover Jewelry?

While personal property coverage includes many valuables, high-value items such as jewelry may have coverage limits. If you own expensive jewelry, you may need additional protection through a scheduled personal property endorsement or specialized jewelry insurance. We can help you find the right policy to ensure your valuables are adequately covered.

What is Scheduled Personal Property for Insurance?

Scheduled personal property coverage is an optional add-on to your insurance policy that provides extra protection for valuable items. It's typically used for things like jewelry, fine art, or antiques that may exceed the limits of standard coverage. This type of coverage often includes broader protection, such as accidental loss, which isn't usually covered by a basic policy. However, you'll likely need to get a professional appraisal to establish the item's value before it can be scheduled.

What's the Difference Between Personal Property and Dwelling Coverage?

Personal property coverage applies to movable items in your home, such as furniture, clothing, electronics. In contrast, dwelling insurance coverage protects the structure, including the walls, roof, and build-in fixtures. Items that are permanently installed, such as certain appliances, are usually covered under dwelling coverage rather than personal property. Knowing the difference helps you make sure both your home and belongings are property insured.

Protect your personal items now.

If you don't have a homeowners, renters, or condo policy, your personal belongings may not be protected. Use our calculator to find out how much personal property coverage you may need and get a quote today.