- \n
- Personal property coverage protects a homeowner’s personal belongings up to the overall maximum coverage limit, but there are sub-limits for each category of property.<\/li>\n\n\n\n
- The covered perils for personal property damage may differ from the covered perils for dwelling and other structures<\/a> coverage.<\/li>\n\n\n\n
- There are additional personal property coverage options available to fully cover higher-value items and better protect a homeowner\u2019s personal belongings than a standard policy.<\/li>\n<\/ul>\n\n<\/div>\n\n\n
<\/span>Personal property coverage C: what is covered?<\/span><\/h2>\n\n\n\n
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
- \n
- Fire<\/a> or lightning<\/a><\/li>\n\n\n\n
- Wind<\/a> or hail<\/a><\/li>\n\n\n\n
- Theft<\/a> or vandalism<\/a><\/li>\n\n\n\n
- Sudden and accidental water damage<\/li>\n\n\n\n
- Explosions<\/li>\n\n\n\n
- Volcanic eruptions<\/a><\/li>\n\n\n\n
- Falling objects<\/li>\n\n\n\n
- Weight of ice<\/a>, snow<\/a>, or sleet<\/li>\n<\/ul>\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
\n\nIf 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
<\/span>What is not covered by personal property insurance?<\/span><\/h2>\n\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
- \n
- vehicles<\/li>\n\n\n\n
- animals<\/li>\n\n\n\n
- airplanes<\/li>\n\n\n\n
- business property and data<\/li>\n\n\n\n
- personal property that is rented out<\/li>\n\n\n\n
- credit cards<\/li>\n<\/ul>\n\n\n\n
There are a number of perils that are typically excluded from coverage such as: <\/p>\n\n\n\n
- \n
- flooding<\/li>\n\n\n\n
- earthquakes<\/a><\/li>\n\n\n\n
- neglect<\/li>\n\n\n\n
- normal wear and tear<\/li>\n\n\n\n
- items lost by the homeowner<\/li>\n<\/ul>\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
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