Does Homeowners Insurance Cover Rental Equipment? 
In addition to personal property that you own , a homeowners policy covers property that is in your care custody and control . If you have borrowed a bed from a parent and it is damaged due to a named peril -LRB- i.e. fire -RRB- the insurer will either give you the current value of the bed or the replacement value of the bed depending on the coverage that you selected . This money would be given to you minus the deductible . 