First, before you experience a loss, it's a good idea to take inventory of your personal property, complete with pictures and the purchase price of each item. Standard homeowner and tenant policies are package policies that typically include property, liability, theft, and medical payments coverage.GEICO's personal property coverage calculator is easy to use. Protect your property and lifestyle when renting with renters insurance. Serving clients in Kannapolis, NC, and Granite Quarry, NC. Coverage generally provided under a Renter's Policy includes: Personal Property; Loss of Use; Personal Liability; Medical Payments to Others. Personal property insurance coverage can cover your personal belongings in the event of a covered loss. Learn how you can prepare for the unexpected with these steps to file a personal property claim. It's a good idea to take inventory of your personal property, complete with pictures and the purchase price of each item. In insurance, personal property refers to your tangible, movable possessions, such as your clothes, electronics, and furniture.