Burglary Insurance
Burglary insurance, also known as theft insurance is a type of property insurance that specifically covers losses or damages resulting from theft or burglary. This can include items such as jewelry, electronics, furniture, stock of goods and other valuable items. As property insurance does not cover burglary or theft risk so this policy is also an add-on policy for property insurance.
Exclusion:
There should be broken windows, doors, or locks for claiming.
Coverage may not apply if the theft occurs due to negligence.
Claim is not liable if property was left unsecured.
Coverage for losses resulting from fraudulent or dishonest acts.
Acts of War or Terrorism.
Losses resulting from intentional acts of the insured.
Exclusions for certain high-value items.
