How Renters Insurance Works When Robbed?

  1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Talk to your Insurance Professional about the particular terms and conditions of your policy. If you have suffered such a loss, I am very sorry that you have to go through this. Try to complete an inventory of the items that have been stolen and be sure to also try to photograph any damage that may have resulted from the break in - broken windows, forced windows or doors or the like. CALL THE POLICE and report the incident. I am assuming that you came in after the fact, but if you ever find yourself in a situation where it looks as if the burglary might still be happening, DO NOT go in. Report your loss to your Insurance Professional and they will open your loss report with your company. A claim representative will contact you and ask for your inventory and police report. Theft is normally a covered peril in a renters policy so the claim once investigated would be settled based upon the items lost and or damaged and the amount of your policy deductible.
    Answered on January 28, 2015
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  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    If you have a renter’s policy and are robbed, your personal property is covered by the policy. The claim will be adjusted to the cost to provide similar used items or the cost to purchase new items to replace those that were stolen, that choice is made when the policy is started. After the loss has been determined the company pays you that amount minus the deductible.
    Answered on February 3, 2015
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