What does personal property coverage under a homeowners policy cover?

Personal property coverage under a homeowners policy is designed to protect the insured's personal belongings from risks such as theft, damage, or loss. When looking at the scenario of a camera being stolen while the insured is on vacation, this falls squarely within the realm of personal property coverage. Such coverage would typically apply regardless of the location where the stolen item was being used, as long as the item is owned by the insured.

Personal belongings, like a camera, are examples of tangible property that homeowners policies are intended to cover. This would mean that the insured could file a claim for the loss of the camera, providing the event occurred due to a covered peril, such as theft.

While other options may seem plausible, they do not fit the criteria of coverage under standard homeowners policies. For instance, property moved to a newly acquired residence generally has specific time limits and conditions that may restrict coverage after a designated period. A pet kept for a friend is not covered as personal property since pets are not typically considered personal belongings under homeowners policies. Lastly, damage to a neighbor's fence would typically fall outside personal property coverage since it pertains to property that does not belong to the insured and might involve liability concerns rather than personal property risks.