When signing up with the insurance policy, an alarm system was at the location of business. I have not notified the insurance that i have not had an alarm system for a few months now. In the event that the business gets broken into, will any damages and or losses still be covered?
If I do not have an alarm system in my business and I get broken into, will insurance policy cover any damages and losses?
210 POINTSview profileRick RiehlAccount Executive, Hartland Insurance Group, Auburn Hills, MichiganWhen your agent was talking to you in the beginning about all of your insurance needs did they ask you about the alarm system? Some but not all insurance companies will require an active alarm system to offer theft coverage on owned property. Most insurance companies will offer premium discounts on property coverage with an active, central station monitored alarm system but will not exclude theft coverage without the alarm. I would recommend that you contact your agent and ask them for a copy of your original application if you don't already have a copy. That will indicate how the alarm system question was initially answered. Also, ask your agent if your insurance company requires an alarm system to be covered for theft on your property coverage. I would do this as soon as possible. If your company does require the active alarm to have theft coverage, then you will want to get that alarm system up as soon as possible to avoid having a break in or burglary denied by your insurance company. The thing to remember is that every insurance company is different in their policy forms. I would find out about this right away from your insurance company/agent.Answered on November 18, 2013flag this answer
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