Homeowners Insurance Can Protect Against Theft

Posted on: 12 December 2022

If you own a home, the government requires that you insure it. Homeowners insurance can help protect your most valuable assets and provide you peace of mind. This type of insurance covers a variety of risks, including fire, lightning strikes, storms, and more.

Another way homeowners insurance can be helpful is by protecting against theft. Unfortunately, home burglaries occur far too often in the United States. Here's how having homeowners insurance might be helpful.

Homeowners Insurance Can Pay for Damages

If you are the victim of home theft, homeowners insurance may help pay for damages. Typically, this coverage extends to indoor and outdoor structures as well as personal belongings such as electronics, appliances, clothes, jewelry, and more.

Depending on your particular policy, there may be a limit placed on how much the insurer will reimburse you if your items are stolen. Claims may require a list of the stolen items along with proof of ownership and purchase receipts.

Homeowners Insurance Helps You Track Your Belongings

When you buy homeowners insurance, the company will encourage you to list your valuables, including electronics and jewelry. You'll take photos of those items and take note of serial numbers and values.

With this information, you'll be able to quickly and easily provide your insurance company with a detailed list of stolen items in case of a burglary.

Homeowners Insurance Can Provide Assistance With Replacing Lost Belongings

If you have homeowners insurance, it can also be helpful when it comes to replacing lost or stolen belongings. This coverage usually covers the cost of replacement for any item that is stolen or destroyed in an insured event.

In some cases, the insurance company may not pay for items that have been lost due to theft. In these situations, it's important to review your policy and ensure you are familiar with any exclusions or limitations on coverage before filing a claim.

Homeowners Insurance Provides Liability Coverage

Finally, homeowners insurance can provide liability coverage in case of theft. If a home intruder is injured while attempting to steal from your property, you could be held liable for their medical bills.

Homeowners insurance typically provides coverage for this type of situation up to the limits of your policy. This can protect you from a potential lawsuit.

Contact an Insurance Agent to Learn More

It's important to understand your specific policy and its limitations when it comes to theft. To learn more about your particular coverage, contact an experienced insurance agent today. They can provide you with more information and help determine the best policy for your needs.