Personal Property Coverage – Protecting What’s Inside Your Home
Title:
Personal Property Coverage: What Every Texas Homeowner Needs to Know
Intro:
Your home is more than walls and a roof—it’s filled with the things that make life comfortable and personal. From your living room furniture to your favorite tech gadgets, those belongings matter. That’s why your Texas homeowners insurance policy includes Personal Property Coverage. At Tony Castle Insurance Agency, we believe knowing what’s covered (and what’s not) can save you from big surprises later.
What Is Personal Property Coverage?
Personal Property Coverage protects the contents of your home, including:
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Furniture and appliances
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Clothing and personal items
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Electronics and home décor
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Kitchenware and tools
If your belongings are damaged or destroyed by a covered peril (like fire, theft, or windstorm), your policy helps pay to repair or replace them.
Coverage Limits and Sub-Limits
While your personal property coverage is usually 50%–70% of your Dwelling Coverage, some items have special limits, such as:
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Jewelry (typically $1,500)
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Firearms
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Collectibles
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Fine art
If you have high-value items, you may need scheduled personal property coverage to fully protect them.
Actual Cash Value vs. Replacement Cost
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Actual Cash Value (ACV): Pays what the item is worth today (minus depreciation).
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Replacement Cost: Pays what it costs to replace the item with a new one of similar kind and quality.
Choosing Replacement Cost means you won’t get stuck paying out-of-pocket for depreciation.
Real-Life Example
A Texas thunderstorm causes severe wind damage, breaking a window and destroying your living room furniture. Replacing your couch, chairs, and electronics costs $8,000. Personal Property Coverage helps you recover those costs—without draining your savings.
Extra Perk: Off-Premises Coverage
Did you know your belongings are covered even when they’re not at home? If your laptop is stolen from your car or while you’re on vacation, you can file a claim under this coverage.
Final Thoughts
Your belongings tell your story—make sure they’re protected.
Want to confirm you have enough personal property coverage?
Contact Tony Castle Insurance Agency – Your Not So Common Insurance Agent for a free review today.
👉 Visit mytexascoverage.com or call us for a quick consultation.