With only about 1,600 larceny-theft incidents per 100,000 inhabitants and an ever-declining larceny-theft rate, you might not think the risk is worth the money. However, for those willing to protect property and belongings, theft insurance can be a savior.
The term ‘theft’ encompasses robbery, theft, and burglary, so you don’t have to worry about misinterpretation:
Theft insurance can cover all your property and belongings or only a part of it. A specific theft insurance plan may cover:
Both theft insurance and homeowners insurance have a coverage limit, which is the maximum amount you can get paid toward a claim. Besides, there’s usually a deductible, which is the amount of money you have to pay before your insurance plan starts to pay.
To reduce an insurance premium, you can
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