Personal Possession Insurance
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Personal possession - Personal Possession is a personal, tangible property that does not grant its owner any special rights when it is not in use by him. Whereas "private property" grants an individual exclusive control over a thing whether it is use or not, "possession" grants no rights to things that are not in use.
Home insurance - Home insurance, or homeowners insurance, is an insurance policy that combines various personal insurance protections which can include losses occuring to ones home, its contents, loss of its use (additional living expenses), loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home.
Contents insurance - Contents insurance is insurance that pays for damage to, or loss of, your personal possessions whilst they are located within your home. Some contents insurance policies also provide restricted cover for personal possessions temporarily taken away from the home by the policyholder.
Chose in possession - A chose in possession is an item of tangible personal property which is capable of physical possession by the owner and which is capable of transfer by delivery. Possession of a chose in possesion is prima facie evidence of ownership.
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