What Does Personal Property Insurance Cover?

Just like we protect our cars, homes, and our families with insurance, our belongings need some form of protection, too. That's where personal property insurance comes in. Personal property insurance (PPI) is the part of your homeowners insurance that covers personal belongings, such as electronics, furniture, appliances, clothing, etc. Such coverage can be used to repair or replace damaged or stolen belongings if it falls under the relevant and covered scenarios, like theft or certain natural disasters.

This type of insurance is also called Coverage C, and it protects your belongings inside of your home and when they're stolen or damaged outside of your home. Some commonly covered items include:

Computers
Cell phones
Entertainment systems
TVs
Rugs
Art
Firearms
Lamps
Plants
Dishes and utensils
Sports equipment
Bikes

There are three main housing categories that property insurance falls under: homeowners, rentals, and condos. Depending on the provider and type of dwelling, personal property insurance will vary in coverage, limits, and customizations.

Rental Insurance and Condo Coverage

Renters should know that their landlord's insurance policy doesn't cover their belongings, which is why a separate PPI is important if you're renting. Similarly, condos may have different coverage than traditional homeownership. The condo association may cover certain damages that would extend to some of your belongings. However, it's likelier that your condo insurance covers the unit itself and not your personal items.