Personal property

{
  "id": "MLC-T-INS-002563",
  "term": "Personal property",
  "field": "Insurance and risk management",
  "definition": "All tangible property other than real estate, including furniture, clothing, electronics, and other movable possessions owned by an individual. In a homeowners or renters insurance policy, this is known as Coverage C and protects against loss or damage from specified perils like fire, theft, and windstorm. Coverage is subject to a policy limit, which is a set percentage of the dwelling coverage for homeowners.",
  "url": "https://mlchart.com/terminology/insurance/personal-property/"
}