We'll pay the replacement cost for items at the time of loss, then up to the full amount of the cost in today's market in the event of a covered loss. With Personal Property Coverage, you'll receive the actual cash value of covered personal property that needs to be replaced due to a covered loss.Your deductible is the amount you pay out-of-pocket toward repair or replacement costs, which, in most cases, you'll pay directly to your contractor. Send us receipts for home repairs and repaired or replaced personal belongings conveniently through your online account at libertymutual. To process a claim for your personal property, a detailed list of damaged or lost items will need to be submitted. Need to make a mortgage or lienholder request on behalf of a client? Fill out our form online to begin. Note: It may cost more to replace the lost property, especially for expensive items. Need to make a mortgage or lienholder request on behalf of a client? Fill out our form online to begin.