LIMITED THEFT COVERAGE
FUNCTION:
The Limited Theft endorsement adds coverage for losses to personal property caused by theft and vandalism, as well as malicious mischief resulting from theft, if the theft occurs on-premises. Without this endorsement, the named perils covered by Dwelling Fire One and Dwelling Fire Three policies do not include theft.
Limited Theft coverage may be purchased in increments of $1,000 up to a maximum of $5,000. A $250 deductible applies.
EXAMPLE:
Dave has a Dwelling Fire Three policy. While he was away at work, Dave’s $1,600 lawnmower was stolen from the shed on his property. Since Dave purchased $2,000 Limited Theft coverage, the loss will be covered. Dave will only have to pay the $250 deductible.
USAGE:
Available for all owner-occupied and landlord policies. Not available for vacant policies.
SPECIAL UNDERWRITING CONSIDERATIONS:
Special Amounts of Insurance apply for tools.
We do not insure:
- Losses caused by, resulting from, contributed to or aggravated by intentional acts of any tenant, roomer, boarder, member of tenant’s household or their employees.
- Any loss at the insured premises if the dwelling has been vacant for more than 30 consecutive days immediately before the loss.
- Any theft, attempted theft, or mysterious disappearance of:
- Goldware, gold-plated ware, silverware, silver-plated ware, and pewterware
- Jewelry, watches, furs, precious and semi-precious stones
- Firearms
