What does personal property insurance protect against?

Personal property insurance provides coverage specifically for personal belongings, offering protection against loss or damage to items such as furniture, electronics, clothing, and other possessions. This type of insurance helps individuals recover financially when their property is stolen, damaged by fire, or impacted by other covered perils.

In contrast, lost income resulting from theft, liability for injuries on the premises, and medical expenses incurred by guests pertain to other types of insurance. Lost income due to theft typically falls under business interruption insurance, while liability coverage protects against claims for injuries that occur on one's property. Medical expenses for guests are covered through liability insurance as well when there is an injury on the premises. Each of these other options includes protections that serve different purposes and are not covered by personal property insurance.