What personal possessions means in Australia insurance is personal belongings you own and carry with you, including clothing, jewellery, electronics, bags and sports equipment $10K to $50K, covered under contents insurance $300 to $800 per year for $30K to $80K contents plus personal possessions optional extra $50 to $150 per year for $5K to $20K cover away from home. Personal possessions, also called personal effects, means items you own and normally carry or wear, such as clothing $5K, jewellery $2K to $10K, watches $1K, electronics like phones $1K and laptops $2K, bags $500, sports equipment $1K and musical instruments $1K, covered for theft, loss and accidental damage inside and outside home if specified. For example, contents insurance $80K for 2 bed flat includes personal possessions inside home $80K covering furniture, electronics and clothing $5K, but if you want cover for phone $1K and laptop $2K stolen outside home at café, you need personal possessions cover $5K to $10K extra $50 to $100 per year, with worldwide cover $5K. So personal possessions means personal belongings you own and carry $10K to $50K including clothing, jewellery, electronics and bags, covered under contents $300 to $800 per year inside home, plus optional personal possessions cover $50 to $150 per year for $5K to $20K away from home for theft and loss, essential for jewellery $10K and electronics $3K outside home.
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