Coverage C - Personal property | Homeowners Insurance (2024)

FAQs

What does coverage C personal property mean? ›

Coverage C - Personal Property

This coverage provides protection for the contents of your home and other personal belongings owned by you and other family members who live with you. Coverage is limited on certain types of property that are especially susceptible to loss, such as: • Jewelry. Antiques. Furs.

Coverage C, also known as personal property coverage, is a part of your homeowners insurance policy that protects your personal belongings. This includes things like furniture, clothing, electronics, jewelry, and appliances.

Coverage C provides coverage for personal property owned or used by the insured. The insured may also request coverage for property owned by others or property of a guest or residence employee while at the residence.

Coverage C: Increased Special Limits of Liability Endorsem*nt. The personal property coverage on your homeowners insurance policy, also called “Coverage C”, covers your personal property up to the coverage limits you choose. However, there are several sub-limits to coverage that may prevent you from being fully covered ...

The sum of the value of all your items is how much coverage you need. Often, the amount of personal property coverage is determined by using 50% of your dwelling coverage limit. For example, if your dwelling coverage is $400,000, you'll have $200,000 in personal property coverage.

Most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance, but higher amounts are available and, increasingly, it is recommended that homeowners consider purchasing at least $300,000 to $500,000 worth of liability coverage.

Coverage C protects all the insured's personal property, except for the following: Motor vehicles and their equipment. Cars have their own insurance policies, so home insurance excludes them.

Final answer: Coverage C, Personal Property, typically includes most personal items within the insured home, but does not cover vehicles, and high-value items may require additional coverage.

Note: Dwelling coverage on standard policies typically won't protect against damage caused by floods, earthquakes, sewer backups, or lack of maintenance.

Explanation: Coverage C of a homeowners policy typically provides coverage for personal property, regardless of its location, against specific perils listed in the policy. Personal property usually located in a secondary residence, such as furniture, appliances, or other belongings, can be insured under Coverage C.

What is C insurance? ›

Commercial insurance can protect you from some of the most common losses experienced by business owners such as property damage, business interruption, theft, liability, and worker injury.

Which is true of Coverage C of the Dwelling Policy? Coverage C provides coverage for the personal property of a guest - At the insured's request, Coverage C will apply to personal property of a guest or servant while located on the described location. Personal property of a tenant or boarder is not covered.

The personal property portion of your home insurance, also called Coverage C, protects your possessions—the belongings that make your house a home. That includes things like: Furniture. Clothing.

Among the options given, the personal property items with the highest specific limitation on coverage would be b. Jewelry, watches, and precious stones or metals.

Typically, these are around 50% of your dwelling coverage. For example, if your dwelling is covered up to $250,000, your personal property would be covered up to $125,000. However, some items—such as cash/gift cards, jewelry/watches/gemstones, expensive furs, fine art, firearms, gold, etc.

In homeowners insurance, Coverage C mainly deals with personal property coverage. It covers Worldwide coverage and coverage for property of others, but it does not include coverage for property located at another residence premises or coverage for loss of use. The latter is usually covered under Coverage D.

It will insure your personal belongings against loss, accidental damage or theft when you step out the front door and is a valuable addition to your policy for things like: Mobile phones. Watches. Jewellery. Laptops.

Insurance companies calculate “depreciation” by figuring out how old what was lost or damaged is, then reducing its value by a determined percentage for each year we had the lost or damaged item.