Under what circumstance can an insured recover costs for replacing personal property?

An insured can recover costs for replacing personal property if it is removed for safety. This is relevant in situations where there is an imminent threat to the property, such as during a fire or flood, and the insured takes proactive steps to protect their belongings by relocating them to a safer location. Homeowners policies often include coverage for personal property that is temporarily moved to prevent damage, recognizing the insured's efforts to mitigate loss.

In contrast, the other options do not typically qualify for recovery under personal property coverage. For instance, damage from an uninsured peril would not be covered because the insured needs to be protected against specific risks outlined in the policy. A claim made within 12 months does not necessarily guarantee recovery unless the circumstances of the damage meet the policy's criteria. Lastly, an increase in value does not justify recovery since homeowners policies only cover personal property at its actual cash value or replacement cost, regardless of any appreciation that may occur.