Personal property insurance is an addition to a homeowners insurance policy that pays to replace personal items that are not typically covered if they are stolen or destroyed. It reimburses you for the cost of items lost or damaged up to the policy’s limits.
Insurers generally consider personal property to include items such as:
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furniture
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electronics
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clothing
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jewelry
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appliances
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Books and movies
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cellphones, tablets, laptops
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sporting equipment
Essentially, any item that is movable and not part of the structure of your home can fall under this coverage. Some insurance companies may provide additional options for high-value items like rare artwork or collectibles, which may require separate endorsements or policies to ensure full coverage.
If you ever need to file a claim, it’s important to have an inventory of your belongings, complete with receipts, if possible, to help expedite the process. Regularly updating this inventory will further safeguard your ability to claim accurately should the need arise.
If you have any insurance questions Merit Insurance Group is here to help! Call us at 708-845-5466 or visit our website at www.meritinsurancegroup.com
