Burglary Insurance
Burglary Insurance
Loss or damage to property or premises against housebreaking or burglary with evidence of actual forcible entry or exit and resultant damage to the premises.
More Information
- Full Value Basis
Ideal for: Situations where all your insured items could be stolen in one event (e.g., jewelry collection, high-value electronics).
Important: Ensure the insured amount reflects the full value of your belongings. If you underinsure (choose a lower value), a clause called "average clause" might reduce your payout in case of a claim.
What to insure for: The maximum value you think could be stolen at once.
- First Loss Basis
Ideal for: Situations where it's unlikely everything gets stolen at once (e.g., furniture, tools spread across a workshop).
Flexibility: You choose the insured amount based on your risk assessment. This allows for a potentially lower premium compared to full coverage.
Be aware: If you experience a total loss (everything is stolen) and are underinsured, you'll only be compensated for the chosen amount, not the full value.