What Is Burglary Insurance?

Theft insurance is an insurance policy that covers the loss of property caused by robbery or asset theft. In China, theft insurance has not been launched as a separate type of insurance, only as an additional insurance in ordinary property insurance. According to the provisions of China's family property insurance supplemental theft insurance: If you are insured for property insurance, you can add theft insurance. During the insurance period, the insurance company shall be responsible for compensating the loss or damage caused to the insured property stored in the insurance address room due to external theft, robbery, or theft with obvious traces. However, the insurance company will not be responsible for the theft of the insured and its family members, service personnel, or settlers, or to condone the loss of insured property caused by the theft of others. ^[1]

Theft insurance

The insurer is liable for compensation for the loss of the subject-matter insured stored indoors in the insurance location due to the theft of external signs with obvious traces.

According to Article 3 of China's "Family Property Insurance Provisions": gold and silver, jewelry, jewellery, currency, securities, tickets, stamps, antiques, ancient books, calligraphy, documents, books, technical information, charts, livestock, flowers, trees Property that cannot be valued, such as fish, birds, bonsai, etc., is non-insured property and is not within the scope of insured property.

In China, theft insurance has not been launched as a separate type of insurance, only as an additional insurance in ordinary property insurance. According to the provisions of China Family Property Insurance's Additional Theft Insurance: If you are insured for property insurance, you can add theft insurance. During the insurance period, the insurance company shall be responsible for the loss of the insured property stored in the insurance address due to the theft, robbery, or theft with obvious traces. However, the insured and its family members, Insurance companies are not responsible for the loss of insured property caused by the theft of service personnel, settlers, or condoning theft by others.