What is Burglary Insurance?
Burglary insurance policy is specifically designed to cover the losses arising as a result of burglary. The term burglary represents the act of entering any property illegally or unlawfully with the purpose of committing a crime and this might not always involve theft. The burglary or housebreaking insurance policies are meticulously designed to provide monetary reimbursement in case of loss or damage to a property in your premises by acts of housebreaking and or burglary. Burglary insurance online policy generally covers property damage and financial losses arising out of the followings:
- The burglary insurance covers the theft of property from within the household premises or within the automobile.
- Damage due to the entry of an intruder by force is covered under burglary insurance policies.
- Insurance companies are required policyholders to inform the authorities of the burglary as one of the first steps they can take before registering a claim.