Personal Property Protection Information - Home Insurance Answers to Help You and Your Family

Personal Property Replacement Cost Coverage is the best protection for your personal possessions.

Many homeowners policies provide only actual cash value coverage for your home's contents. If, for example, you have a kitchen fire and your 10-year-old oven is destroyed, a standard homeowners policy, paying on the basis of depreciated value (actual cash value), will provide minimal or no reimbursement for its loss.

On the other hand, replacement cost coverage on your home's contents will permit you to go out and buy an equivalent new oven, knowing you'll be reimbursed for the entire cost minus only your deductible. For the small additional cost this could be the best value in property insurance.

Scheduled Personal Property insurance protects your most valued possessions for all their worth. Even with replacement cost coverage for your home's contents, certain high value items such as furs, jewelry, silver, and other rare collectibles may have specific item limits that may not cover the cost to replace them. You may cover them against additional perils and for their full appraised value by adding a scheduled personal property endorsement to your homeowners policy.

If you have any specific questions on Personal Property coverage please call 1.866.3.INSURE or click here to fill out the homeowners insurance request a quote form and have one of our knowledgeable agents contact you at a time that suits you best.