What Is Personal Property Insurance?

Get coverage for your belongings, so you can put your house back in order quickly.

a family relaxes at home knowing they're fully protected financially

Cover your belongings so you can get back to normal quickly.

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If a pipe bursts and floods your home, or a thief breaks in and steals your valuables, how much money will you have to spend to replace your lost possessions? Most of us accumulate stuff slowly over time. Having to buy many items at once can be extremely costly. Carrying personal property insurance covers your belongings, so you can put your house back in order quickly.

What is personal property insurance?

Personal property coverage helps pay to repair or replace your clothing, furniture, sporting gear, appliances, and other belongings that get stolen or damaged by a peril that’s listed in your home, condo, or rental insurance policy. (The coverage usually comes with that type of insurance.) Common perils include fire, hail, windstorms, smoke, theft, vandalism, and water damage from plumbing overflow. Check your individual home, condo, or renters policy for your specific coverage; many policies extend to items that aren’t stored in your home.

How does personal property insurance work?

Right now—before a mishap or a burglar strikes—take inventory of everything you own, and either document or estimate the worth of each item. Keep receipts, and write down brand names and model numbers of appliances and electronics. Using a home inventory app like Sortly or Nest Egg makes this a snap. Add up the value of your belongings to get an idea of how much total coverage you need.

Talk with an insurance agent about which type of personal property coverage is best for you. There are two kinds:

  1. Actual cash value pays for what an item is currently worth. If your covered 3-year-old laptop is stolen, for example, you’ll get its depreciated value. If you paid $1,200 when you bought it five years ago, but it’s now worth $400, your policy may pay out $400.

  2. Replacement cost value pays you the amount it would cost to replace your belongings today.

What does personal property insurance cover—and not cover?

Your policy will specify what types of items are covered, but personal property insurance generally covers:

  • furniture (indoor and outdoor)

  • appliances

  • electronics

  • hobby equipment and supplies

  • sporting and recreational equipment

  • china and silverware

  • linens

  • clothing

  • rugs

  • jewelry

  • lawn mowers

  • other personal belongings

Some valuable items—such as expensive jewelry, antiques, fine art, collectibles, and musical instruments—may not be covered by your standard insurance policy. If not, ask your agent about purchasing floater insurance for adequate protection.

How do I get personal property insurance?

Talk with an expert at AAA Insurance about how much personal property coverage you really need to protect your belongings—and get a free insurance quote on a home, condo, or renters policy.

Whether you own or rent your home, protect your personal property with AAA Insurance.

More Home Insurance Definitions

The availability, qualifications, and amounts of coverages, costs and discounts may vary from state to state and there may be coverages and discounts not listed here. In addition, other terms, conditions, and exclusions not described above may apply, and total savings may vary depending on the coverages purchased. For more information regarding your eligibility for certain coverages and savings opportunities, please contact your AAA agent. Insurance products in California offered by AAA Northern California Insurance Agency. License #0175868, in Nevada by AAA Nevada and in Utah by AAA Utah. Insurance provided by CSAA Insurance Group, a AAA insurer.