Burglary Insurance

Scope of Coverage

A burglary insurance policy covers against theft that involves breaking into a property with the intention of stealing something. Burglaries can occur at any time, and they can be devastating for homeowners, renters, and businesses. The feeling of being burgled is not only emotionally distressing but can also lead to financial losses that can be difficult to recover from. This policy provides coverage for loss of /or damage to the property insured by burglary whilst contained in your business, at home or anywhere else. The scope of cover includes: theft consequent upon actual forcible and violent entry into the insured premises. It is designed to provide financial protection to homeowners, renters, and businesses against the financial impact of a burglary.

Benefits

Stolen Property

Burglary insurance typically covers stolen properties by providing compensation to the policyholder for the value of the stolen items. The coverage amount will depend on the limits of the policy and the value of the stolen property.

Property Damage

Burglary insurance can cover property damage resulting from burglary, such as broken windows, damaged doors, or other types of damage to the property.

Business Interruption

Burglary insurance can cover business interruption resulting from a burglary, which refers to the lost income and expenses related to the interruption of business operations. This coverage may also include expenses related to relocating the business temporarily or permanently. This coverage is important for businesses that rely on their physical location or inventory to operate and generate revenue.

Replacement Costs

Burglary insurance compensates the policyholder for the full cost of replacing stolen or damaged property with a new item of similar kind and quality.