Which insurance coverage helps to pay for the personal items of the insured in case they are stolen or damaged?

Personal Property Coverage provides specific protection for the personal belongings of the insured, covering losses due to theft, damage, or other risks as outlined in the policy. This type of coverage ensures that individuals can recover the value of their personal items, which can range from furniture and electronics to clothing and jewelry.

While homeowners insurance and renters insurance both often include personal property coverage as part of their broader packages, the term "Personal Property Coverage" directly refers to the part of an insurance policy that specifically addresses the valuables owned by the insured. Homeowners insurance is primarily for those who own their homes and typically encompasses different aspects including the structure of the house, while renters insurance is for individuals who lease their residence. Liability coverage, on the other hand, protects against claims of bodily injury or property damage to others, rather than personal belongings of the insured.

Thus, focusing on personal property coverage clarifies its role in safeguarding the owner’s possessions, making it the correct choice in response to the question.