Theft And Homeowner's Insurance: Is It Covered?

​If you had been victimized by theft, whether this happened in or out of your house, your homeowner's insurance could allow you to restore your stolen items. Additionally, your coverage may assist you in covering the cost of restoration to any property destroyed by a robber. 

Unfortunately, some forms of theft are not protected by your homeowner's insurance coverage. So, here is the necessary information you need to know if you want to secure yourself from financial loss in the event of theft.

Is Theft Covered by Home Insurance?
You might have coverage or theft if you availed of an HO-3 policy, the most prevalent form of homeowners insurance. Theft is one of the stated risks that come standard with this policy. Here are three items that make up conventional insurance to provide your theft coverage.

1. Personal property coverage
   This coverage should protect your items, including furniture, clothes, or gadgets, in the case of a covered loss, regardless of whether they have been destroyed at your home, apartment, or elsewhere in the world.
   
   
2. Dwelling
   Dwelling is the component of your insurance that covers damages to your house, including harm due to theft or vandalism. This might include if your house is destroyed by a fire, hurricane, lightning, or other natural catastrophes.
   
   
3. Other Structures Coverage
   This contributes to the cost of repairing disconnected constructions on your premises that have been harmed by an insured risk. So, If your garage or shed is damaged due to a break-in, your other building's policy could pay the expenses of repairs.

Is Theft Still Covered If I'm on Vacation?
Your property insurance might also extend to you when you travel, so if your baggage is robbed while on a trip, your items should still be insured if the damage exceeds your deductible. 

However, if your home is robbed while you are away, you will most likely be insured for the damage to your property and the stolen valuables. But, if you are absent from your house for an extended time, your insurer may deem it unoccupied and refuse covering. 

Thus, if you are thinking of going on a long vacation, call your insurance carrier to explore your alternatives ahead of time.

Stay Insured for Less Loss
Your house may contain high-value items and goods that have emotional worth for you and your family, which is why, in the unfortunate case of theft, having the appropriate home insurance coverage is important.

At Leigh Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (904) 826-0799 or Click Here to request a free quote. The coverage discussed is not guaranteed. Please contact our agents to make sure you have adequate coverage and your needs are being met. We are happy to help!