What is the definition of Burglary and Theft Insurance?
Hello there! The definition of thief and burglary insurance is very simple. This type of insurance covers any losses or damages that occurred if your house was robbed. Usually, it states in your contract with the insurance company if they are going to cover any losses after a robbery. Some companies even provide you with a discount if your house is secured properly. Check on money expert for those companies. They can help you to find good rates for home insurance. Last year, when my house was robbed it helped to save a lot of money.
Burglary and Theft Insurance refers to coverage for the loss of property because or theft, robbery and burglary. This kind of insurance is usually available to businesses and homeowners. This coverage is provided in policies such as a business multiple peril policy and standard homeowners policy. The insurance covers acts not just those made by employees, but other individuals as well. This includes theft of merchandise, losses caused by forgery (check forgery, forgery of warehouse receipts, credit card forgery), theft of office equipment, payroll robbery, wrongful obstruction of securities, robbery of materials inside the business premises and losses from safe deposit boxes.
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