7 Questions You Should Ask About Burglary Insurance

A burglary at a home, office or shop can result in a huge financial loss if there is. You can cover the risk with a burglary insurance plan. However, a burglary and theft are two different things. You will have to buy insurance cover for theft and burglary separately.If you would like to make a burglary claim, there should be proof of forceful or violent entry into the premises. On the other hand ‘no forceful or violent entry’ is involved in case of theft.

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So, you can purchase a cover to include burglary as well as theft so that both of them will be covered adequately.

Questions that You Should Ask

You should be aware of the important questions and their answers before buying the Burglary Insurance plan.                

You should be aware of the plan coverage, extensions (riders), sum assured and exclusions. You can make or break a plan by choosing the riders. The best insurance plan will cover various risks prominently.

1. What is Covered?

Before buying burglary insurance, you should go through the terms and conditions of the policy. As you read the policy document, you will understand the risks covered by the policy and risks that are not covered by the policy.

  • It is possible to buy a burglary insurance plan to cover your house or office.
  • If there is damage to the premises through the burglary, it will be covered by the insurance policy.
  • The inherent value lost in the promises after the burglary will be recovered by the payout made by the insurance company.
  • The premium paid for burglary plan is based on various factors including premium policy claim history, security measures available at the premises, and nature of stocks/items at the premises.

2. What is not Covered by Burglary Insurance? 

The following items are Not covered by the burglary plan:

  • Precious metals (gold, silver, etc.)
  • Cash
  • Share certificates
  • Items that were stolen by family members
  • Items that were stolen by employees
  • Items that were stolen by housemaids
  • Loss due to war, riots, strike, terrorist activities, and natural calamities

If you want to declare stocks or other items whose value will change as per the market conditions, you should declare the same in the insurance policy proposal form.

Under the Following Circumstances, your Claim will not be Accepted-

  • If the premises were left unattended
  • If the premises were not locked properly locked
  • Failure to ensure security at the premises
  • Planned burglary to make an insurance claim

3. Can I Reduce the Premium by Taking Preventive Measures?

The insurance premium received by the insurance company is based on the risk assessment that is done by the insurance company.

  • By installing safety devices, you will not only take precautionary measures but will also reduce the insurance premium
  • Burglary alarm can be installed at the premium to get discount on the cost of the insurance premium
  • Installation of fencing
  • Installation of CCTV cameras

4. Types of Policies that are Offered?

The insurance company offers various kinds of policies based on the type of coverage. You can buy a standard policy, declaration policy or a policy which offers the features of both standard and declaration. It is possible to buy an insurance policy to cover various stocks located at various locations.

5. Why Should you Take Note of Complete Information?

When filing a claim it is important to provide complete information to the insurance company.

  • Every loss that occurs at the premises should be documented
  • You should preserve the receipts and contracts in purchasing the products and preserving the property
  • You can document the phone calls made to the insurance company as well
  • The documents can be preserved in digital mode for enhanced safety and security

6. Does the Policy Cover the Difference Amount?

You can buy a policy to protect the value of the property or valuable so that the compensation will be at market price. You can opt for higher deductible so that the insurance premium will be low. By opting for comprehensive cover, all kinds of items will be covered. It is possible to restore the condition of the items or property to its original state by subscribing to optimum cover.

7. Why Should you Compare Burglary Insurance Plans?

By reading the online reviews, you can understand the features of various kinds of insurance policies offered by different insurance companies. It will help you in figuring out the best plans as per your needs.

Remember that the amount of sum assured will be equal to the market value of the loss of property or items. It will be calculated based on the current replacement value of items. The company includes allowance towards wear & tear, betterment, and obsoleteness. Hence, it is possible to recover the maximum amount by opting for an adequate cover.


Burglary insurance is imperative for small or large-scale business as it will help in recovering the loss or damage that took place within the premises of your business. As there are various kinds of insurance policies offered by reputed companies in India, you can choose the most appropriate policy that meets most of your needs.

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Policybazaar for Business - Burglary Insurance - Customer Reviews
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Based on 83 reviews
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4.8 October 09, 2022
Amazing Customer Support
I am using a fire insurance policy from policybazaar and experienced amazing feedback from them in claim settlement. I have a sports merchandise shop that caught fire last yearI raised a claim which was resolved within a few days without any hassles.
4.8 October 08, 2022
Helpful Support
The support team of Policybazaar is really helpful and prompt. They solve all your queries fast. Would definitely recommend Policybazaar for purchasing insurance .
4.8 October 07, 2022
Extensive Cover
Got a fire insurance policy for my shop and it was really extensive with so many features. Purchased it from Policybazaar without paying any commission fees. Great coverage.
4.5 October 06, 2022
User Friendly Website
We deal in the cotton industry and suffered a huge loss last year because of the fire. We were looking for insurance to safeguard us financially from any such incident in the future. We landed on the policybazaar website and bought fire insurance. Their website is well managed and gives all the necessary information.
4.8 October 05, 2022
Plans Are In Budget
Had to purchase a fire insurance which should be in my budget as I run a very small store. Got a lot of affordable plans on Policybazaar and purchased the one that suited my budget. All plans are in budget and with so many features.
4.3 October 04, 2022
Covered My Shop
I have a shop of garments and it caught fire last year in which I lost items worth thousands. Purchased a fire insurance from Policybazaar and now I feel really relieved that it would financially cover my shop in such circumstances.
4.3 October 03, 2022
Faster Claim Settlement
A part of my warehouse having thousands of material caught fire. Luckily I had a fire insurance policy that I could claim and received compensation from them. It was such a relief. The claim settlement team at Policybazaar is helpful and really quick.
4.5 October 02, 2022
I have a warehouse of clothes and was planning to buy a fire insurance policy to cover my material from unwanted fire. Got a really affordable plan from Policybazaar with some really great features.
4.5 October 01, 2022
Budget Friendly
Wanted to cover my crockery shop from fire and was searching for an affordable plan. Found a great plan at Policybazaar which suited my budget.
4.5 September 30, 2022
Instant Purchase
Wanted a fire insurance policy for my crockery business and could purchase it instantly from Policybazaar. The process was quick instant and very easy.