This policy will cover damage to a renter's personal property up to a stated amount for the same perils as the HO-2 form. Section I: Coverage B - Personal Property is extended for up to the Declarations or Additional Protection Schedule Endorsement.According to Nevada Revised Statutes, all property that is not defined or taxed as "real estate" or "real property" is considered to be "personal property.". Personal Property: Covers your belongings against damage or theft. Personal property: Your personal belongings are protected on a named peril basis. This means they are only covered for the specific risks listed in your policy. As a reputable insurance provider in Nevada, we offer comprehensive homeowners insurance policies tailored to meet the unique needs of Nevada residents. 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. Homeowners insurance is a type of insurance that provides coverage for your home and personal property in the case of a covered loss. Personal Property - if you have a loss of valuables in your home like jewelry, electronics or guns due to theft or damage.