Plain-English meaning
Coverage for belongings owned or used by an insured, commonly labeled Coverage C, subject to location, peril, limit, and category rules.
Why it matters
Settlement basis and special limits can create gaps for valuable or unusual property.
Where you may see it
Declarations, inventory worksheets, sublimit tables, and scheduled-property endorsements.
What to verify
Limit, named versus open perils, replacement cost, off-premises coverage, sublimits, and exclusions.
Do not confuse it with
Dwelling coverage for the structure or scheduled coverage for specifically listed valuables.
For policy-specific meaning, read the definition and related provision in the issued policy.