Personal property insurance is designed to financially protect your belongings against a variety of hazards – fires, vandalism, theft, power surges. Home policies limit what they'll pay for things like jewelry and art.Most home insurance policies include some coverage for personal items. How much coverage could depend on which kind you choose. Report a personal property loss to your insurer as soon as possible. Personal property insurance helps pay to repair or replace the things you own after a covered loss, like a fire or theft. Personal property coverage can cover your belongings such as furniture, clothing, sporting goods or electronics in the event of a covered loss. Personal property, also referred to as "contents coverage," is the term insurance companies use to collectively define the things you own inside your home. Personal property insurance, or Coverage C, is the part of your home insurance that covers your belongings. ✓ Find out what's covered, and how today!