Under homeowners insurance, what is typically covered as personal property?

Personal property coverage under homeowners insurance includes various items that belong to the insured. Carpets and rugs are considered part of the personal property coverage because they are movable possessions that are not permanently attached to the home. This type of coverage typically protects personal belongings within the home, including furniture, clothing, electronics, and household items.

The other listed options would not generally qualify for personal property coverage. Build-up of depreciation does not represent a physical item that can be insured, real estate transactions pertain to property not included in personal property coverage, and business equipment, unless specifically included in a homeowners policy, is often excluded unless there is a separate rider or policy to cover such items. Therefore, carpets and rugs fit squarely under the category of personal property that homeowners insurance aims to protect.