Burglary Insurance

Last Updated: March 4, 2018

Definition - What does Burglary Insurance mean?

Burglary insurance is a policy that covers losses resulting from a burglary. Burglary denotes the act of entering a property unlawfully with the intention of committing a crime and it might not always involve theft. Burglary insurance, then, will cover property damage as well as financial losses arising from:

  • The theft of property from within the household premises or within the automobile
  • The entry of an intruder by force

Insurance companies require policyholders to notify the authorities of the burglary as one of the first steps they take before filing a claim.

People also refer to burglary insurance as crime insurance.

Insuranceopedia explains Burglary Insurance

The terms "robbery" and "burglary" are often used interchangeably. While they have some similarities, there are some important differences between them. Both burglary and robbery are property crimes and, therefore, typically involve:

  • Theft of property from an individual
  • Unlawful entry to a property with the intent of stealing something or for committing a felony

Robbery, however, is defined as the act of taking or attempting to take something that has value from someone by using intimidation, force, or threats. For the law to recognize an act as a robbery, then, a victim must be present at the scene of the crime, as in a bank hold-up.

Burglary, on the other hand, is the unlawful entry to a structure for the purposes of committing theft or another felony. Unlike a robbery, no victim needs to be present at the scene of a crime for a burglary to take place.

Insurance companies typically include burglary insurance as a part of other insurance policies, including:

  • Travel insurance
  • Home insurance
  • Personal property insurance

Before paying any claims, insurance companies require documented proof of ownership of the goods prior to the burglary. This allows them to avoid losses arising from fraudulent claims.

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