How is personal property defined in a Homeowners Policy?

Personal property in a Homeowners Policy refers to the movable items owned by the policyholder. This includes a wide range of belongings, such as furniture, clothing, electronics, and kitchenware. The emphasis on "movable" is crucial because personal property encompasses items that the homeowner can take with them, as opposed to real property, which consists of immovable structures such as the house itself and anything permanently attached to it, like built-in appliances or fixtures.

This understanding aligns with the intent of a Homeowners Policy, which aims to protect a homeowner's personal belongings from covered perils, such as theft, fire, or vandalism. Personal property is typically subject to various coverage limits and deductibles outlined in the policy. Therefore, identifying it as "all movable items owned by the policyholder" captures the essence of what personal property entails in a homeowners insurance context.