Homeowners insurance protects your home, but what about what’s inside? When peril strikes, knowing your belongings are covered financially can make a world of difference.
Here’s a basic guide to how personal property coverage can help secure your belongings.
Personal property coverage offers financial protection for your personal items if they’re damaged by certain perils.
Personal belongings covered under this policy type can include:
There are two coverage types for this insurance: named perils and open perils.
Named perils policies only cover you specifically from perils listed. An open perils policy covers everything except the specific exclusions provided.
Personal property coverage is included with renters insurance. It covers personal belongings the same way it would with homeowners insurance.
However, the building you’re renting is not covered under the same policy. Instead, the property owner will have their own policy for the building itself.
Personal property insurance typically doesn’t cover:
Personal property insurance usually comes as part of homeowners or renters insurance.
The average cost of a homeowners policy is about $1500 per year, while renters insurance costs about $160 per year.
Personal property coverage can mean greater peace of mind. Discuss your coverage options with an insurance company to make the best decision for your property.
Hi, I'm Anna Woods and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.
I am a full-service Realtor® since 2010. I serve the High Desert in Southern California.
Prior to earning my real estate license, I earned my Bachelor of Science in Business Administration with an emphasis in Accounting at California State University, San Bernardino in 2002. I found myself not satisfied in my work life, so I sought out a new career. I found happiness in helping families obtain their dream homes. In 2019 I became an Associate Broker.
I moved to the High Desert in 2003, in search of peace and quiet away from the city lights. I found the rural lifestyle in the High Desert. I now have several farm animals and love to garden.