Personal property is the stuff you own — furniture, electronics and clothing, for example. Whether you own a home or rent an apartment, insurance policies typically include personal property coverage. This type of coverage helps pay to repair or replace your belongings after a covered loss, such as theft or fire.

What is covered by property insurance?

Perils covered by property insurance typically include select weather-related afflictions, including damage caused by fire, smoke, wind, hail, the impact of snow and ice, lightning, and more. Property insurance also protects against vandalism and theft, covering the structure and its contents.

How much is personal property coverage?

How much are your personal possessions covered for? Typically personal property is insured for 20% to 50% of the coverage limits of your home. A typical policy may have $250,000 to cover the home structure and $100,000 of personal property protection (which would be 40% of the $250,000).

Can a homeowners insurance policy cover car damage?

Your car is an extension of your home so you can still reexamine your homeowners insurance to see if it protects you against car damage. In most cases, your automobile insurance will cover for any damage that happens to your car. With the comprehensive auto insurance coverage, your vehicle remains protected even if it is parked in your garage.

Can a homeowners insurance policy cover a garage?

It is important to note, however, that your homeowners insurance policy must specifically include your garage. Otherwise, this may not cover the damages sustained by your car. There are homeowners insurance policies that don’t cover detached garages and outbuildings.

What does personal property in auto insurance cover?

The personal property section of your home insurance policy covers theft and vandalism of your belongings, including stuff that is outside your home. Your auto insurance covers you in the event of your car getting stolen or vandalized.

What’s the difference between auto insurance and home insurance?

This is where the distinction between your home and auto insurance policies can become a little blurry. While homeowners insurance won’t cover damage to the auto itself, many policies will provide some coverage for personal items that are stolen from your car. But some of the more comprehensive auto insurance policies may cover this, too.