They are becoming more and more frequent news reports of a series of residential burglaries of a given area, or muggings in the street, whether of young people or even the elderly. Thanks to certain safeguards in our household insurance, these losses may be compensated or indemnified by the company. insurance policy. We will explain the nuances that may be in the policy, to understand what is covered and what is not.
Home insurance coverage
Indeed, the home insurance policy offers coverage in several cases:
- Theft inside household
- Theft or robbery both inside and outside the home
The difference between the two terms is simple: robbery/burglary uses force in things or intimidation of persons; Theft, on the other hand, is a misappropriation, usually attributable to an oversight on the part of the owner of the stolen property. For this reason, while robbery is covered without problems, theft has many more limitations and exclusions.
Limits and details on these guarantees
These guarantees must be consulted in our home insurance policy for the following reasons:
- What is the sub-limits are applicable for each item? This is the maximum compensation that the company would pay for: jewellery, cash, mobile phone...
- If it covers the damage to the lock and the change of cylinder and replacement of keys
- If it covers objects of special value, as well as jewellery that are not in a safe and, again, the existing sub-limits. There are companies that, unless you request it, do not offer a guarantee on these goods.
There is no doubt that we must review these issues to know whether we have a comprehensive policy or not.
How to act in the event of a robbery?
The first thing you should do for insurance purposes, apart from calling the police if it has happened in your home, is to take photos. In addition to the police procedures that may be required by the company, it is always good to be able to prove the damage suffered, broken objects, etc. For this reason, it is highly recommended that we have photos of the valuables and jewellery that we have in our home.
As can be seen, these guarantees are different for each company, In many cases, it is the customer's obligation to take out voluntary, optional guarantees, which in most cases are unknown and mean that in the event of a claim there are many gaps in the policy.
If you want to avoid this, contact us and we will help you choose the home insurance that best suits your needs. With more than 30 years of experience in PIB Group Iberia we have handled countless theft claims.
