What is the standard coverage limit for personal property under most homeowners' policies?

The standard coverage limit for personal property under most homeowners' policies is often set at 50% of the dwelling coverage limit. This means that if a homeowner has a dwelling policy that provides $200,000 in coverage for the house itself, the personal property would typically be covered up to $100,000, as this amount represents 50% of the dwelling coverage.

This approach to coverage is based on the understanding that personal property generally makes up about half of a homeowner’s total exposure in the event of a loss or disaster. It allows policyholders to obtain adequate protection for their belongings without having to individually assess the value of each item. Homeowners can, of course, choose to increase this limit based on their specific needs if they have particularly valuable possessions or if they feel the standard coverage may not be sufficient for their circumstances.