Theft Coverage
Insurance protection against the loss of property due to theft, burglary, or robbery.
Detailed Explanation
Standard homeowners policies include theft as a named peril, covering stolen items up to your personal property limits, though high-value items like jewelry or electronics typically have sub-limits unless specifically scheduled.
Practical Example
When burglars broke into Janet's home and stole her television, laptop, and jewelry, her theft coverage reimbursed her for the TV and computer at replacement cost, though her unscheduled jewelry was only covered up to the policy's $1,500 sub-limit.
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