Learn — Home & property
Personal property coverage
What personal property coverage on a homeowners or renters policy protects, how limits are set, and how actual cash value differs from replacement cost.
Personal property coverage protects furniture, electronics, clothes, and other belongings. On homeowners policies it is often a percentage of dwelling coverage; on renters it is the main property coverage.
Check whether your policy pays actual cash value or replacement cost for contents — the difference matters at claim time.