What is burglary insurance?

burglary insurance helps a person to compensate for damage and loss of items due to theft. This type of insurance is usually not separate; Instead, it is part of travel insurance, household insurance or personal property insurance. It is particularly important for small businesses whose owners risk loss of living due to theft. Insurance contracts of burglary usually require evidence that a person owned stolen items through income, images or boxes that the items originally came. In addition, insurance companies usually increase premiums when a person is robbed or is a higher risk for any reason.

This type of insurance is essential for small enterprises that could move from business after a big theft. For example, a family jewel may have a stolen half of the inventory, leading the owner to the liquidation and closure of the trade. This insurance is also called crime insurance and usually protects business owners from loss of foreigners and employees.RO small businesses are often a supplement to business or real estate insurance.

It is invaluable for a person to prove the documentation of their property in the event that it is lost due to theft. Insurance companies want evidence that the goods existed before burglary and were not simply produced for cash profits. Having pictures, original packaging or any other physical evidence that it owned stolen assets, it will facilitate the proof of its existence to the insurance company in the case of theft. Some insurance companies may also want to see evidence that a police report has been filed and that the victim has tried to obtain the stolen goods back. Insurance companies usually require that the value of stolen items be confirmed by a reliable third party.

The monthly burglary insurance rate depends on many factors, including the rate of crime in this area. For example, it is common to haveincreased rates after being robbed and then a claim to return the stolen objects. The insurance company then considers the house or business to be endangered; In addition, the customer proved to be less profitable than most others. Sometimes the insurance company cancels the customer if it is robbed many times, and the definition of "too much" is sometimes once or twice, depending on politics in such matters.