What does the term "personal property" typically include?

The term "personal property" typically includes items that are owned by the policyholder and are not permanently attached to the dwelling. This definition encompasses a wide variety of possessions, such as furniture, clothing, electronics, and other movable items that individuals use in their daily lives. The key aspect is that personal property can be relocated without damaging the structure of the home, distinguishing it from real property, which consists of buildings and land itself.

While vehicles and boats could be considered personal property, they are often subject to specific types of coverage under separate policies, such as auto insurance or marine insurance, rather than standard homeowners' policies. Real estate owned by the policyholder is categorized as real property, and the term "personal property" generally does not include such items. The characteristic of being easily moved is a component of the overall definition of personal property but does not encompass the full scope of what is included, as many personal items are moved frequently even if they aren't categorized as easily transportable.