Name: Johnson Insurance Agency
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Your furniture, clothes, electronics, bikes, and ski gear add up faster than you think. Personal property coverage in a homeowners, condo, or renters policy protects those belongings, but how much it pays depends on the details.

What Personal Property Coverage Includes

Personal property coverage pays to repair or replace your belongings after covered losses such as fire, theft, vandalism, windstorm, hail, and some water damage. It usually covers your belongings anywhere in the world, including items stolen from your car or a storage unit, though limits may be lower away from home.

Replacement Cost vs. Actual Cash Value

Actual cash value pays what the item was worth at the time of loss, after depreciation.
Replacement cost pays what it costs to buy a new item. It costs a little more, but it’s usually worth it.

Special Limits

Standard policies limit coverage for jewelry, firearms, collectibles, cash, and some electronics. For valuable items, a scheduled personal property endorsement covers them for their appraised value, often without a deductible.

What Isn’t Covered

Flood: rising water in a basement or living space requires a separate flood policy.
Sewer backup: requires a water backup endorsement.
Earthquake: requires an endorsement or separate policy.
Wear and tear and pests.

Hail and Wildfire Reminder

In Colorado, a separate wind and hail deductible may apply to storm damage, and a fast-moving wildfire can leave no time to grab belongings. A current home inventory makes either claim much easier.

Create a Home Inventory

Walk through each room and record a video, open closets and drawers, photograph serial numbers, and save receipts for big purchases. Store the inventory in the cloud, not just in the house. Learn more about home insurance or renters insurance.

Have questions about your coverage? Call Johnson Insurance Agency at 303-768-8130 or stop by our office at 14 Inverness Dr. E, Suite G236, in Englewood. We compare coverage from multiple carriers for families and businesses across the Denver metro area and Colorado.