Personal Property Explained in Less Than 5 Minutes by Lorraine Roberte Updated on June 30, 2022 Reviewed by Khadija Khartit.
In This Article Definition and Examples of Personal Property How Personal Property Works What Personal Property Doesn’t Cover Types of Personal Property.
Coverage In insurance, personal property is your tangible, movable possessions, such as furniture, electronics, and clothing.
Your clothes, electronics, and furniture are examples of tangible, movable personal property in insurance. The fact that personal property can be moved around while real property is fixed is the main difference between the two.
Your home’s countertops, for instance, are a fixture. They are real property because they are a part of the permanent structure.
But you don’t have to put the blender on top of the countertop. It is considered personal property because you are free to move it around or discard it entirely. The same is true for larger appliances that aren’t built in, like your stove and refrigerator.
