Burglary Insurance

 One day, when you return home after a long vacation, you are shocked to see that the door lock is broken. When you hurriedly go inside, the gold and money in the locker are missing. You learn that a thief had given a surprise visit to your house and ran off with the valuables. What can you do in such circumstances? Or, are you a businessman owning a business premise, spending sleepless nights at home worrying that the pricey furniture and stock of goods might be damaged or stolen by burglars? Don’t worry about the safety of your house and the valuable items in it anymore. Buy a burglary insurance policy and then travel any a week or more to an outstation destination relaxed or go out on a holiday trip with your family with peace of mind.

What is Burglary?

 When someone illegally invades your property to conduct a crime entailing theft and violence, then the act is known as burglary.

Burglary Insurance is an insurance policy which offers financial compensation for the loss or damage caused to the property and valuable items because of burglary or housebreaking.

Burglary Insurance covers fiscal losses and property damage. The policy covers the forceful entry and subsequent theft of assets.

Nevertheless, there are some exclusions that the policy does not cover, including theft by staffs or family members of the policyholder, theft because of fire and other dangerous calamities, loss or damage caused by war, riot and strike, loss/ damage caused by malicious intention, and confiscation of items by customs or municipal authorities.

However you can take add-ons for Riot, Strike and Malicious damage and Terrorism as well as Theft.

To claim the benefits, you are obliged to inform the insurance company about the incident and notify the authorities before filing the claim. Prior to initiating the claim, the insurers need documented proof of ownership of the insured items before the burglary incident. It’s required in order to prove the claim and avoid any false claims.