Personal Belongings and Personal Property

A question I get often both from homeowners and renters is “What is considered personal belongings vs. personal property?” A simple way to see it is if your home was turned upside down, pretty much all that would fall out is considered your personal property, furniture, jewelry, home accessories, etc.

Does my homeowner’s policy cover my personal belongings?

Whether you own a home or rent an apartment, insurance policies typically include personal property coverage of some type. This coverage helps you pay to repair or replace your belongings after a covered loss, such as theft or fire.

Typical homeowners policies cover personal belongs to some degree. A review of your policy would show to what degree and value your belongings are protected from loss. There are two types of personal property coverage: replacement cost and actual cash value. A replacement cost policy typically pays the dollar amount it will take to buy a new item at the time of a claim. An actual cash value policy factors in depreciation to provide reimbursement based on the current value of an item. It’s also important to know that personal property coverage usually has certain limits on what it will pay to replace an item or category of items

What does Renters Insurance Cover?

In South Carolina, renters insurance will replace personal belongings should they be destroyed, lost, or stolen. Most policies will also provide liability coverage, medical payments to others, and will cover temporary housing costs should your home be uninhabitable. While South Carolina law does not mandate renters insurance, it is a recommended coverage option for anyone renting a house or apartment. They’re generally cheap and can protect your liability and contents from covered losses.

A common misconception among renters is that their landlord’s insurance policy will cover their belongings. The landlord’s policy typically helps protect the residence against certain risks, but that coverage typically does not extend to a renter’s belongings. The personal property coverage in a renters policy helps cover your belongings, including things like jewelry, stereo, TV, camera, up to the coverage limits in your policy.

What should you do?

Always talk to an insurance professional with experience to make sure your personal belongings are adequately covered.

Don’t wait until a disaster occurs and you lose all your valuable belongings. Contact us today for a free review and quote.

Contractor with general liability with contractors insurance in PennsylvaniaWhat Insurance Do Contractors Need?
Do I Need an Umbrella Insurance Policy | Davis Insurance Associates - Myrtle Beach Insurance Agency

Don’t forget to share this post

Why Choose Davis Insurance Associates, Inc.?

If you’re looking for affordable and reliable insurance in South Carolina or North Carolina, Davis Insurance Associates, Inc. is your trusted local partner for personal and business insurance solutions.

We understand that every person, family, and business has unique risks. Whether you need home insurance, auto insurance, flood insurance, condo insurance, boat insurance, or business insurance, we’re here to help you find the right coverage – without the stress.

As an independent insurance agency, we work with many top-rated insurance carriers to compare quotes and deliver options that offer great protection at competitive prices. Unlike agencies that represent just one company, we shop the market for you – so you get custom insurance solutions tailored to your needs.

Fast, Simple, and Personalized Insurance Quotes

We know your time is valuable. That’s why we created a fast and secure online form (button below) that typically takes just 5–10 minutes to complete. This efficient process allows us to gather the essential information upfront – saving you from multiple back-and-forth calls and emails.

After you submit the form and share your current insurance policy details, we spend dedicated time reviewing your situation, shopping quotes, and designing coverage that protects what matters most to you. But don’t worry, we work fast!

We still value real conversations. We’ll gladly connect to talk through your needs, listen to your concerns, and make sure the insurance you choose is exactly right for your home, vehicle, business, or lifestyle.

What Sets Davis Insurance Associates Apart?

  • Independent insurance agency serving both South Carolina and North Carolina

  • Access to multiple insurance carriers for the best mix of price and coverage

  • Local knowledge with a personal, client-first approach

  • Fast, convenient online quote process

  • Experience in both personal and commercial insurance

If you’re ready to review your current policies or start fresh with a local expert, let Davis Insurance Associates help you make a smarter insurance decision. Get in touch today, and let’s find coverage that truly fits your needs and budget.

The next step is easy, call us at 843-213-0000, or click below to start your insurance quote