Personal property coverage is the part of renters insurance that pays to repair or replace your belongings, such as furniture, clothes, electronics and kitchenware, when they’re damaged or stolen by a covered event. On your policy it’s often labeled “Coverage C.”
What counts as personal property?
Basically anything you own that isn’t part of the building: furniture, clothing, electronics, appliances you brought with you, books, bikes, sports gear, tools, decor and kitchen items. Property of relatives who live with you is usually included too.
What it pays for
Losses caused by covered perils such as fire, smoke, theft, vandalism, windstorm, hail and sudden water damage from plumbing. Most policies cover your belongings away from home as well, sometimes at a lower limit. Full list of what’s covered.
Three settings that decide your payout
- Coverage limit: the most the policy pays for all your belongings in a claim. How to choose it.
- Actual cash value or replacement cost: whether the insurer subtracts depreciation. The difference.
- Deductible: what you pay first. How deductibles work.
Special limits
Within your overall limit, some categories have lower caps, especially for theft. Many standard policies limit jewelry, watches and furs, cash, firearms and silverware to relatively small amounts. Valuable items can be covered in full with scheduled personal property coverage.
What it doesn’t cover
The building itself, your car, flood and earthquake damage, pests and wear and tear. See the common gaps.
More terms explained: the renters insurance glossary.
New to this? Start with What is renters insurance?
This site offers general information, not insurance or legal advice. Coverage, prices and rules vary by insurer, policy and state, so always read your own policy and ask your insurer or agent about your situation.