What Does Personal Effects Insurance Mean?
Personal effects insurance is a policy that provides coverage for the loss or damage of valuables that are worn or carried by the policyholder. The policyholder has the choice of naming each valuable in the policy or selecting a claim limit for all of them.
Insuranceopedia Explains Personal Effects Insurance
The portability of an item is what makes for a personal effect. A piano and a vehicle, then, are obvious exclusions. Insurers also might rule out certain portable items like cellphones or laptops. The policy specifies what it covers for the guidance of the insured.
The insurer often requires documented proof of ownership before honoring a claim.