YOU ASK:
What is the definition of Burglary and Theft Insurance?
WE ANSWER:
Burglary and Theft Insurance refers to coverage for the loss of property because or theft, robbery and burglary. This kind of insurance is usually available to businesses and homeowners. This coverage is provided in policies such as a business multiple peril policy and standard homeowners policy.
The insurance covers acts not just those made by employees, but other individuals as well. This includes theft of merchandise, losses caused by forgery (check forgery, forgery of warehouse receipts, credit card forgery), theft of office equipment, payroll robbery, wrongful obstruction of securities, robbery of materials inside the business premises and losses from safe deposit boxes.
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More insurance terms around burglary and theft insurance:
- Business Income and Extra Expense Insurance (Also Known as Business Interruption Insurance)
- Businessowners Policy (BOP)
- Capacity
- Capital
- Capital Markets
- Captive Agent
- Captives
- Car Year
- Case Management
- Cash Dividend Option
- B-Share Variable Annuity
- Broker
- Book of Business
- Bond Rating
- Bond
- Boiler and Machinery Insurance
- Bodily Injury Liability Coverage
- Blanket Insurance
- Binder
- Beneficiary