What is Personal Property Protection Coverage?
Reader’s Question:
Hi! I really don’t understand this special feature on my home insurance policy. It’s called personal property protection coverage. Can you help me
Max
Tacoma, WA
Hi Max!
A special feature on any insurance policy is called a rider. Well, your personal property protection is also a rider for your home insurance policy in Tacoma, Washington WA . This is a rider because it offers additional protection to things not protected by your initial home insurance policy.
Your regular or basic home insurance policy covers the structure. Meaning, your home; this includes the windows, the floor, the walls, the stairs, the kitchen, the garage – your house per se. Of course you’d have to furnish your house right? You have to have stuff inside like clothing, furniture, antiques, appliances, jewelry and other home equipment. These are personal property and they aren’t part of the structure, so if something bad happens to your home (say it burns down), your home insurance policy would only cover the house. Think about the other things that you lost – these portable or movable items. They would still amount to a whole lot.
This is the purpose of the rider. Your personal property protection rider protects and covers these items in case something wrong happens. Make sure that you completely list and value the things that you have. You can meet up with your home insurance agent in Tacoma, Washington WA to make sure that you have all things covered and that you are well protected. You can even shop online and compare home insurance rates using the form located in this website.