Does Homeowners Coverage Protect Against Theft?

Home insurance is designed to help cover common risks that may affect you and your property. In most cases, this means providing homeowners coverage for your belongings. However, it’s essential to understand how your home insurance works and its limitations when it comes to theft.

Does Home Insurance Cover Theft?

Insurance can’t protect against bad things happening, but it can help pay for losses afterward. Many home insurance policies include coverage for the contents of a home. This means if your TV or laptop is stolen, your insurance may be able to pay for new ones. Your coverage may also extend beyond your home and cover situations where belongings are stolen from your vehicle.

Are There Exceptions to Theft Coverage?

Your home insurance does come with limitations. Often, there are coverage limits for personal possessions—usually a percentage of your total policy. This means your policy will only pay up to a certain dollar limit for theft or damage. If you own particularly valuable items, such as fine art, jewelry or high-end electronics, you may need additional insurance to protect their value adequately.

There are also policy limitations when it comes to the types of possessions covered by home insurance. For example, business-related items are typically excluded. This means if you run a home business, you need separate coverage to account for those contents.

Similarly, home insurance does not include vehicle theft. If your car or motorcycle is stolen, even from your garage, your auto insurance would apply.

How Do I Know All My Possessions Are Covered?

Contact Florida Insurance Group today to discuss your coverage needs. We can help assess your circumstances, look for coverage gaps and suggest solutions that can financially protect your cherished belongings.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.