Is Theft Covered By Renters Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Theft is a covered “peril” under most renters’ policies. Recovery is limited to the value of the item minus the deductible. Some policies will allow settlement based upon replacement cost once you actually replace the stolen item. If the property stolen was not in the residence the amount of recovery is normally limited to a percentage of the coverage for personal property.
    Answered on September 11, 2014
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