Depending on the risks to which the accommodations are exposed, insurance companies offer tailor-made protection on a case-by-case basis. As an option, they are able to offer a theft guarantee which offers protection against intrusion and burglary.
However, to be able to access this guarantee, insurers will require you to take security measures. What does home insurance theft coverage cover? Under what conditions can you access it? Explanations.
Home insurance theft coverage is coverage that pays for thefts and burglaries occurring in an insured home. The general conditions of the contract will specify in particular the types of flights included in the protection. Generally, it is burglary, escalation, use of false keys, lock picking, illegal entry, physical violence, threat or intimidation. The rule is that it is up to the insured to provide proof of the theft and that it occurred under the conditions provided for in the contract. Thefts committed by someone you employ such as a housekeeper, babysitter or gardener are also covered.
If you cannot prove the burglary, you may not receive compensation from the insurer. Similarly, you are not in a position to claim compensation if the theft was committed while you left a door or window open during your absence. The coverage of the theft guarantee does not necessarily extend to all of your belongings. It is rare, for example, for movable property located in an outbuilding to be protected.
The theft guarantee is subject to the implementation of security measures and devices. Thus, you cannot afford practices such as leaving the key under a flowerpot or under the doormat. In case of loss of keys, you are required to change the lock. And when you are away, be sure to close windows and doors. To know the measures you must take, you can consult the conditions of your contract.
Depending on the formula chosen, the installation of a security system such as alarms, remote monitoring or video surveillance is likely to be required. And even if it is not specifically provided for in the contract, it is recommended to install an efficient security system in order to avoid disputes with the insurer. Indeed, the latter is able to refuse compensation or to grant only partial compensation in the event of a lack of protection. Note that insurance with theft cover is likely to contain a non-habitation clause. This clause suspends or limits the protection provided to the accommodation when it remains unoccupied for a certain period of time. It is possible to remove this clause, but the premium will be increased accordingly.
To set the cost of home insurance theft coverage, the insurer will base itself on a number of criteria such as the characteristics of the home or the value of the movable property it contains. The insurer will also take into account the extent of the guarantee and the inclusion or not of an inhabitation clause. To get an estimate of this cost, it is recommended to request quotes online. A free home insurance comparator will allow you to know the pricing practices of the different companies as well as the extent of the guarantees offered. This fast, free and easy-to-use tool promises to save you time and save you money.
