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Personal property coverage, listed as Coverage C on a standard homeowners policy, protects the belongings inside your home. If your furniture, electronics, clothing, or other possessions are damaged, destroyed, or stolen, Coverage C is what pays to repair or replace them. Most homeowners assume they have enough coverage, but many do not—and they find out the hard way after a claim.
Coverage C applies to your movable possessions—the items inside your home and, in many cases, belongings temporarily away from home, such as luggage on a trip or a laptop at a coffee shop. Covered perils typically include fire, theft, vandalism, water damage from a burst pipe, and windstorm. Covered items include:
How your belongings are valued at claim time matters as much as the coverage limit itself. Policies settle personal property claims one of two ways. Actual cash value (ACV) pays what your items are worth today after depreciation—so a five-year-old laptop that cost $1,200 might settle for $400. Replacement cost value (RCV) pays what it actually costs to buy a comparable new item today. RCV coverage typically costs a bit more in premium but can mean thousands of dollars more at claim time. Always confirm which method your policy uses.
Standard homeowners policies cap coverage on certain categories of valuables, regardless of your total Coverage C limit. Common sub-limits include $1,500 for jewelry, $200 for cash, and $1,500 for firearms. If you own expensive jewelry, art, collectibles, musical instruments, or high-end cameras, a scheduled personal property endorsement—sometimes called a floater—provides broader coverage at the item's full appraised value with no deductible in many cases.
Most insurers set Coverage C at 50 to 70 percent of your dwelling limit by default. That formula works for some homeowners but not all. The only way to know your true need is to conduct a home inventory—a room-by-room list of your belongings with estimated values. Many people are surprised to find their possessions add up to far more than their current limit. Keep your inventory updated and store a copy offsite or in cloud storage so it is accessible after a loss.
Personal property coverage is easy to overlook until you need it, and the gap between what you own and what your policy covers can be significant. A Truscott policy checkup reviews your current Coverage C limit, identifies whether you have replacement cost or actual cash value, and flags any high-value items that may need a separate scheduled endorsement. Reach out to make sure your belongings are fully protected before a claim forces the conversation.
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