Does Homeowners Insurance Cover Stolen AC Units?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    It is a good possibility that it will as many homeowners policies provide some coverage for stolen items. Covered items may be subject to your policy deductibles though. Please remember every policy is different. Read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you.
    Answered on October 6, 2013
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  2. 2777 POINTS
    Terry A. McCarthy, CLU, ChFC
    President, Insurance Associates Agency Inc., West Chester, OH
    The most common homeowner policy forms of coverage written in the USA today includes the peril of theft - also called the "cause of loss". All policies also include limitations and exclusions that may restrict theft to certain dollar figures or certain types of property to a certain dollar amounts. Generally speaking, the theft of an air conditioning unit is not one of the common types of property that is limited or excluded. You should not assume this advice is the same for policies covering rental properties as they are occasionally written without the theft peril due to the choice of coverage terms. In some rare cases theft is a cause of loss that can be bought back in certain coverage amounts for an additional premium on rental/landlord type policies. The DF3 or DP3 forms include theft for landlords but check local representatives for specific advice in your locality that conforms to local custom and practice. Either way, it is still a good question for your local representative who can point to the exact language or limitation in your insurance coverage and help you understand how to deal with the new exposure to the theft of devices and property that has aluminum, copper, and other metals of value from your property..
    Answered on September 3, 2015
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