Carrying home insurance is the most effective way to protect what’s likely your biggest asset. It’s also the most reliable way to ensure the security of your family in the event that your home needs repairs. One of the most common threats to homeowners is burglary, so it stands to reason that E.S.T.I.R. Inc., serving Bloomfield, NJ, often fields questions about whether or not home insurance covers burglary.

Understanding the Extent of Coverage

Most home insurance policies do cover burglary as a potential risk, but the extent of coverage will depend upon the terms of the policy. Therefore, you should carefully review the fine print to ensure that you have adequate protection as a homeowner in case your home is burgled.

Personal Property Coverage

Most home insurance policies include personal property coverage, which reimburses homeowners for stolen items. However, there are coverage limits, especially if you own high-value possessions like jewelry, electronics, and collectibles. Your policy may require additional endorsements or riders to cover expensive items like these fully.

Dwelling and Other Structures Coverage

Suppose a burglar damages a door or window to gain entry. In that case, dwelling coverage typically pays for repairs. Detached structures like sheds and garages may also be covered under the "other structures" portion of the policy.

Coverage Limits and Exclusions

Some policies exclude losses if the home was left unoccupied for an extended period or if the break-in was due to negligence, such as leaving doors unlocked. As mentioned above, cash and certain valuable items may have limited coverage unless extra protection is purchased.

For all the details pertaining to what your home insurance may or may not cover, contact your insurance representative at E.S.T.I.R. Inc., serving Bloomfield, NJ. We look forward to assisting you soon!