Definition - What does Burglary mean?
Burglary is when a person illegally enters the property of another in order to commit theft or another crime. In the context of insurance, burglary insurance exists in order to cover losses associated with burglary. Burglary insurance is often offered by insurance as part of a travel, homeowner's, or personal property insurance policy.
Insuranceopedia explains Burglary
Although burglary often occurs at private homes, it can also occur on business properties as well. For this reason, burglary insurance is often included as a part of a commercial property policy. Further, a commercial property policy can be included as a part of a large commercial package policy, which includes various types of helpful insurance coverage for business. Essentially, burglary is commonly viewed as one of many perils that can a homeowner or business owner can face, and that is why it is often included in larger policies.
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