Personal property coverage insures the Stuff inside your house, like clothes and furniture, and usually also insures the personal property you have with you while you’re away from home. Your insurance can be for either actual cash value (how much your things are currently worth) or replacement cost (how much it would cost to buy them new). The latter is your best bet: You should carry insurance that would pay you to replace your belongings, not pay you based on what the insurance company thinks they’re worth.
