Burglary insurance offers an extra layer of security for various thefts, burglary, housebreaking incidents to your property such as house, office, factory, godown etc. This plan provides coverage for damage(s) or loss(es) to your property and its contents, for the following situations:
There are three types of plans available:
Burglary policy provides financial support in case there is any loss/damage caused to your insured property. Here are the key benefits offered by an insurance plan.
We store valuable goods and documents at our home and office premise. If somebody steals that, we can’t do without it. The financial loss we will go through would add up to our woes.
There is an easy, convenient and hassle-free way to safeguard the security of your property. All you have to do is buy a burglary insurance plan.
If somebody breaks into your house and steals your expensive jewelry, gems or stones, you will face a financial loss. If some outsider manages to enter your office premise and manages to steal your business plan or important data from your office, you’ll feel so helpless.
There is a surefire way to be immune from incurring such loses. To safeguard you from such losses and damages, burglary plans are formulated. It assures to provide you with financial support if you have to face tough times.
Mention below is the overview of your insurance coverage.
It provides coverage for loss/ damage to insured assets within the premise of insured, house or business due to:
| S.No. | Inclusion |
| 1. | Forced and violent entry. |
| 2. | Any theft attempt or theft by a person who’s hiding in an insured premise. |
| 3. | Armed robbery or hold-up. |
| 4. | The plan provides coverage for the caused damages to the insured’s premise as a result of theft or attempted break-in. |
| 5. | There’s a provision to cover bulk items on ‘first loss’ basis. It offers a percentage of total stored stock which is exposed to the housebreaking and burglary and risk. For that, the premium is charged on the basis of selected percentage only. |
If your insurance needs aren’t fulfilled by these covers, you can buy additional covers.
Mention below is the overview of your insurance coverage.
| S.No. | Exclusions |
| 1. | Coverage for jewelry, precious gems, and stones, designs, plans, business books cash etc. unless it is insured. |
| 2. | Damage(s) or loss where an insured or his family member or staff was involved in the actual theft or caused any damage(s). |
| 3. | When the insured’s property is left uninhabited for seven or more days and nights in a row. |
| 4. | If material alterations to the insured premise are done that increases the risk. |
| 5. | If the rights of the assets have been transferred to another individual(s) from the insured by either will or operation of law. |
| 6. | Any damage(s) caused by a nuclear bomb, weapons, etc. |
| 7. | Any damage(s) resulting from war, the act of foreign enemy, invasion, etc. |
| 8. | Any damage(s) due to nationalization, confiscation etc by government authorities. |
| 9. | Any damage(s) due to any type of consequential loss. |
| 10. | Any damage(s) caused by strikes, civil, commotion, riots etc. |
In case you have to file a claim, you have to follow the procedure mentioned below.
The main purpose of buying burglary plans is to burglary-proof your insured premise. The incidents of house-breaking, theft etc. are spotted in the newspaper on a daily basis. It imposes a threat to the safety and security of your house/office/godown.
We live in such times where we can’t leave our house unattended for a long period of time. When we do, we are tensed about the security of our house. That’s why burglary insurance plans are very helpful.
Having a burglary insurance plan helps you to stand on your feet and face the consequences with dignity.
Incidences like burglary hinder the growth of a business by putting a financial burden. PolicyBazaar can help you in comparing and choosing the best burglary insurance to safeguard assets you value the most. Now you can enroll anytime, anywhere and get a customized plan as per your requirements.
We strongly recommend you to compare insurance plans of different companies. Every time you visit our website and make use of the free quotes and comparison services, you will get a better understanding of available products, thereby helping you to choose the best plan.
