Coverage for personal belongings only applies to which of the following?

The coverage for personal belongings is primarily associated with homeowners and tenants, as it specifically addresses the protection of personal property within residential settings. Homeowners insurance typically includes provisions for personal property, which covers items such as clothing, furniture, and electronics that are owned by the policyholder. Similarly, tenants insurance offers coverage for personal belongings in rental units, ensuring that individuals renting a space have financial protection against loss or damage to their possessions.

Valuable papers and documents, while important, typically fall under specialized types of coverage that may not exclusively be linked to personal property insurance for homeowners or tenants. Commercial properties primarily focus on business-related assets rather than personal belongings, which means that coverage for personal property does not usually apply in those contexts. Vacant properties also present unique risks and may not be covered for personal belongings in the same manner, as the insurance can differ significantly based on occupancy status.

Thus, the emphasis on homeowners and tenants accurately reflects the specific nature of personal belongings coverage, validating the choice as the correct answer.