Personal property insurance

Homeowners insurance can cover more than your home

When your home gets damaged, so can your personal items. Travelers homeowners policies provide coverage that can compensate you for these items in the event of a covered loss. This part of your policy can also cover your belongings anywhere in the world.

Personal property coverage included in your Travelers homeowners policy

Travelers settles covered personal property losses based on the actual cash value of items such as furniture, clothing and electronic appliances, unless it costs less to repair that item instead. In most states, actual cash value means the cost to replace the damaged item less depreciation.

Replacement cost option

Travelers offers an optional coverage that settles covered personal property losses on the replacement cost of the damaged items - with no deduction for depreciation. When purchasing your homeowner policy, you'll need to decide whether you want the standard coverage for the actual cash value of your belongings, or the optional replacement cost coverage. Both are subject to the policy limits and deductibles that apply.

Specialized endorsements available

Some examples of classes of property that have specialized limits of coverage for some or all claim types:

  • Money or related property, coins and precious metals other than tableware
  • Watercraft, including trailers and equipment
  • Jewelry, watches, furs and semi-precious stones
  • Silverware, goldware or pewterware

These types of property can be insured for their full value with Travelers using specialized endorsements or separate policies. For example, you can expand coverage for business property using the Travelers' home business coverage endorsement (in some states). You can insure jewelry, furs, silverware and other treasured possessions on a valuable items endorsement or on a personal articles floater policy.

If your property is damaged in a flood or earthquake, however, it's typically not covered. Certain other types of possessions have limited coverage and some are specifically excluded from property coverage because of their nature or because they are generally covered by other types of policies.

Know what your possessions are worth with a home property inventory

It's important to keep an up-to-date inventory of your personal possessions. Your inventory should include a brief description of the serial and model number, and the cost. It can also include photographs or videotapes of the items. Be sure to attach any receipts that you have for the items to your inventory and to keep your inventory in a safe place such as a fireproof security box or safe, blank safety deposit box, or with a trusted member or friend.

Be confident in your insurance choices. Contact your agent or Travelers representative today. We'll work with you to develop a homeowners insurance policy that fits your needs and your budget.

The information on this site is general in nature. Any description of coverage is necessarily simplified. Whether a particular loss is covered depends on the specific facts and the provisions, exclusions and limits of the actual policy. Nothing on this site alters the terms or conditions of any of our policies. You should read the policy for a complete description of coverage. Coverage options, limits, discounts and deductibles are subject to availability and to individuals meeting our underwriting criteria. Not all features available in all areas.

Insurance is underwritten by The Travelers Indemnity Company and its property casualty affiliates, One Tower Square, Hartford, CT. For a complete list of personal insurance underwriting companies, click here.