Personal property insurance covers various personal belongings of the homeowner. Items included in this coverage are items such as furniture<\/a>, electronics, jewelry, art<\/a>, clothing, firearms<\/a>, appliances<\/a>, rugs, dishes, etc<\/p>\n\n\n\n
Perils typically covered under section C include:<\/p>\n\n\n\n
It is important to note that the perils covered under the personal property insurance section of a home insurance policy may differ from the perils covered under the dwelling and other structures insurance sections. There are two forms of perils coverage, named perils and open perils. The named perils basis covers any peril that is specifically included in the policy and will exclude all perils not listed in the policy, whereas, the open perils basis will cover all perils that are not explicitly excluded in the policy. In the standard HO-3 form of homeowners insurance<\/a>, dwelling, and other structures coverage are on an open perils basis and personal property insurance is on a named perils basis<\/a>.<\/p>\n\n\n
If you want your personal property to be covered on an open-peril basis, ask your insurance provider<\/a> to upgrade your policy to an HO-5 form of homeowners insurance<\/a>. HO-5 policies include all peril protection for personal property coverage C except for the exclusions listed in the policy document.<\/p>\n\n<\/div>\n\n\n
There are some personal belongings of a homeowner that are not covered under section C of a standard home insurance policy. These include belongings such as: <\/p>\n\n\n\n
There are a number of perils that are typically excluded from coverage such as: <\/p>\n\n\n\n
It is important to read through your policy to see what all is covered or not covered by your personal property coverage. It may be helpful to talk with your insurance agent to determine what coverage you have and what options are available to you.<\/p>\n\n\n