Now sit down and fill in the details of each item, such as amount, price paid, serial numbers and year acquired. Personal property insurance pays to replace your belongings if they're stolen or destroyed.Here's what it covers and how to get it. Valuable Personal Property (VPP) insurance protects your personal property like jewelry, watches, guns, cameras, musical instruments and more. If you have experienced a moderate to total loss and need assistance with completing your personal property inventory, our Contents Inventory Aids can be used. It shows actual malice to require the policyholder to fill out form after form and argue for months over what, in nearly every case is a foregone conclusion. Protect your home inside and out with homeowners insurance from Virginia Farm Bureau. Get a free online home quote in minutes. Remember, these classes fill up quickly, and there is usually little or no room for agents who arrive at the last minute without registering in advance. Taxable personal property consists of motor vehicles, trailers, campers, mobile homes, boats, airplanes and business personal property.