Your personal belongings are covered under this part of your policy. This provides coverage for your furniture, clothing, and other personal belongings due to a covered loss. Most policies will have sub-limits on certain items such as computers, jewelry and firearms. You can schedule certain property (such as jewelry) under the policy for an additional premium. Personal property coverage also comes in two forms, ACV & Replacement cost. ACV (actual cash value) covers your belongings by factoring in depreciation (Ex. A $1,000 TV, might have an ACV of $600 at the time of loss, due to being 2 years old). Replacement cost will cover the personal property for full replacement cost (Ex. The $1,000 TV, would be covered at value to replace with a new similar TV)