Homeowners’ insurance is designed to cover your assets when lost due to various scenarios, such as fires, hurricanes, flooding, etc. However, many people also want to ensure their property is covered in cases of theft.

The professionals at Outdoor Insurance Services, serving Houston, TX, can help. We answer questions about homeowners’ insurance and help homeowners like you decide when getting homeowners’ insurance is the right move. Here’s what you need to know.

Does Homeowners’ Insurance Cover Theft?

Limited homeowners’ insurance doesn’t automatically cover theft. It may cover property damage during a break-in, such as broken windows or doors. However, it may not automatically reimburse you for stolen property, especially high-value items like multiple electronics. It’s crucial to read your policy and speak with an Outdoor Insurance Services agent to determine your coverage level.

Personal Property Coverage

Many homeowners’ insurance policies include personal property coverage. However, homeowners who opt out of coverage to save money may not have this. Speak with an agent serving Houston, TX regarding your policy to make sure you do.

Personal property coverage will reimburse you for damage or theft of property, including things on your property that aren’t inside the home. However, there are often limitations. For example, some Houston, TX policies only pay out a certain percentage of the dwelling coverage for theft. Understanding your limits is crucial to ensure you receive reimbursement for everything stolen.

Choosing Coverage Limits

Make an itemized list of things inside and outside your home, including electronics, expensive jewelry or personal items, guns, patio furniture, etc. Then, add the amounts together to determine how much coverage you need. Speak with a reliable company to make sure you have the necessary coverage.

Many homeowners’ insurance policies can cover theft, but it’s crucial to make sure it’s included on your policy. Your policy should also provide enough coverage for your items. The Outdoor Insurance Services agents can help you ensure your valuable items are covered.