What is property contents insurance?
Insurance companies refer to the personal property that you have in your home as contents. Property contents insurance covers losses of tangible items, such as computers, televisions and furniture.CoverageInsurance companies will cover losses to the contents of your home after a catastrophic event, referred to as peril. Some of these perils are fire, windstorm, vandalism, smoke and explosion.PolicyHomeowners can include contents insurance within a homeowner’s insurance policy. Renters can obtain contents insurance coverage for their personal property.LimitsContent insurance is based on the estimated value of the contents up to the insurance provider’s limits. This limit is often a predetermined percentage of the home’s insured amount.ValuablesInsurance providers often allow customers to add endorsements to their property contents policy to cover high value items, such as jewelry. If the insurance company approves, the insurance agent would separately list each of these items.Deductible
