How Burglary Coverage in Homeowners Insurance Protects You

Burglaries can rob property owners of their sense of security along with the valuable items criminals steal. Most general home insurance policies contain provisions for covered perils that can sometimes include stolen property. Yet burglary coverage goes a step further by offering compensation that can help you restore the structural integrity of your property or replace expensive items. Taking a look at how burglary coverage works helps you know what to include in your Seguro para propietarios de casas política.

Repair Property Damage

One of the first things you’ll want to understand is that insurance companies tend to differentiate between theft and burglary when you set up a policy or file a claim. With theft, your belongings might be stolen by someone who was allowed into your house with your permission. For instance, a criminal contractor might steal your jewelry if it’s left unattended in a part of the house he or she is working on. Alternatively, a burglary involves the use of force to enter your property. After a burglary, you might need to replace a window or door. Burglary coverage includes compensation for repairing damaged property after a break-in.

Receive Compensation for Stolen Items

Most burglaries occur because of a criminal’s intent to steal valuable items he or she believes are on the property. If you lose jewelry, appliances, or other valuable items, you can use burglary coverage to replace them. Keep in mind the compensation amounts can vary depending on the type of policy you have in place.

Consider Supplemental Insurance

While burglary coverage is designed to provide compensation to replace electronics, jewelry, and other common belongings, there might be specific limits on how much the insurance company will pay. For instance, your policy might only pay the current used value of a piece of equipment rather than what you need to purchase it new. As you work with your insurance agent, make sure you understand exactly which belongings are covered and at what percentage of their value. If your general policy isn’t enough to cover the replacement cost, you might be eligible to purchase supplemental insurance to give you greater peace of mind.

Create an Inventory of Your Belongings

A home inventory includes all of the items you might need to be covered by an insurance policy. On top of knowing what to include in a burglary claim, you can also use the inventory if your property experiences a fire or another type of covered peril. Taking photographs or videos of your belongings and keeping records of their value, such as jewelry or art appraisals, can help you prove a loss if the worst should happen. You can also use this inventory to decide if you need supplemental forms of insurance to provide a higher level of coverage for extremely rare or valuable items. 

For additional information on what home insurance covers, reach out to the insurance experts at Altra Insurance Services. We also offer affordable and reliable renters, commercial, motorcycle, and seguro de auto chula vista. Call us today for a complimentary quote.