Robbery Insurance

Updated: 29 February 2024

What Does Robbery Insurance Mean?

Robbery insurance covers loss or damage to a property due to coercion, violence, or the threat of violence.

Robbery, along with theft and burglary, is often covered by standard personal and commercial property insurance policies. Certain types of robbery, however, have to be added on as a specified peril or insured with separate coverage.

Insuranceopedia Explains Robbery Insurance

Whether it's a commercial property or a residential building, insurance often covers man-made perils like theft, burglary, and robbery. When any of these risks happens, the insurer is informed and gets investigated to clear possibility of foul play before honoring a claim.

Certain kinds of robbery will either be excluded form a property insurance policy or covered only to a limited amount. In those cases, the insured could add a rider to their insurance or buy a separate policy to get the coverage they need.

For instance, you might consider purchasing messenger robbery insurance to insure against losses or damage to goods taken forcibly from an employee who has left the insured's property.

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