Most policies have personal property coverage, which means your belongings are covered whether you're at home or away from home. So, if your TV is broken while you're on vacation, your renters insurance will likely cover it. However, there are some restrictions to personal property coverage. For example, most policies have a limit on how much they'll pay out for electronics. So, if you have a $500 television, but your policy only covers up to $250 for electronics, you'll have to pay the difference out of pocket.