Personal Property Insurance

What Is Personal Property Insurance Coverage?

Personal property insurance is an essential part of your home insurance because it helps protects your personal belongings. These belongings can include:
  • Furniture
  • Clothing
  • Sporting goods
  • Electronics
  • Tools
  • Appliances
Personal property coverage is a part of your homeowners insurance policy that is there to help protect your belongings against damage or theft at home or anywhere else in the world.

Determining Your Personal Property Coverage Limits

Your personal property coverage is automatically calculated as a percentage of your dwelling coverage. This is usually 70 percent.
However, you can always customize your coverage to the amount you think your belongings are worth. For instance, property that is insured with replacement cost coverage, can be replaced with a comparable item at today’s value, not depreciated actual cash value. For example, say your home is robbed and your new furniture is stolen while you are away on vacation. Your replacement cost coverage can help replace the items at today’s value.

Replacement Cost Coverage: How it Works

At the time of a loss, your personal property has a value associated with it that reflects its age and condition. This is the actual cash value.
At The Hartford, we strive to go even farther than just reimbursing you the actual cash value.
With replacement cost coverage you’re reimbursed the amount it would cost today to replace an item with a like, kind, and quality item.
With our coverage, we will first pay you the actual cash value. After you buy a new item and provide a receipt, we will pay you the rest of the replacement cost.
Insurance Coverage availability varies by state.

Get Extra Protection for Your Valuable Items

In some cases, you may need extra protection for your valuable items. This is where valuable items blanket coverage comes in. This coverage provides extra protection for your items. It will give you peace of mind, knowing that you’re prepared for the unexpected.
This coverage is one of the additional homeowners insurance coverages that can be added to your homeowners policy. Items that are covered can include:
  • Jewelry
  • Furs
  • Silverware
  • China
  • Crystal
Also, keep in mind that while your homeowners policy caps coverage for theft on jewelry up to a $1,500 limit and silverware up to a $2,500 limit, the valuable items blanket coverage can increase the limit to $10,000 per item. It also extends coverage for lost or damaged valuables.

What May Not Be Covered

As you consider what you need for coverage, remember that certain damages are not covered by standard homeowners insurance policies. For example, say your property is damaged by a flood. Losses endured are not typically covered unless you have flood insurance coverage.

Other Homeowners Insurance Links

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The AARP Auto Insurance Program is underwritten by Hartford Fire Insurance Company and its affiliates, One Hartford Plaza, Hartford, CT 06155. It is underwritten in CA by Hartford Underwriters Insurance Company; in WA, by Hartford Casualty Insurance Company; in MN, by Sentinel Insurance Company; and in MA, MI and PA, by Trumbull Insurance Company. The AARP Homeowners Insurance Program from The Hartford is underwritten by Hartford Fire Insurance Company and its affiliates, One Hartford Plaza, Hartford, CT 06155. In CA, it is underwritten by Property and Casualty Insurance Company of Hartford; in WA, MI, MN, by Trumbull Insurance Company; in MA by Trumbull Insurance Company, Sentinel Insurance Company, Hartford Insurance Company of the Midwest, Hartford Accident and Indemnity Company; and in PA by Hartford Underwriters Insurance Company. Not available in all states, including FL. Specific features, credits and discounts may vary and may not be available in all states in accordance with state filings and applicable law. Applicants are individually underwritten and some may not qualify. Auto and Home are currently unavailable in Canada and U.S. Territories or possessions.

1 In Texas, the Auto Program is underwritten by Southern County Mutual Insurance Company through Hartford Fire General Agency. Hartford Fire Insurance Company and its affiliates are not financially responsible for insurance products underwritten and issued by Southern County Mutual Insurance Company. The Home Program is underwritten by Trumbull Insurance Company.