What type of insurance covers loss or damage caused by burglary, theft, and vandalism?

Burglary and Theft Insurance specifically addresses coverage for losses incurred due to burglary, theft, and vandalism. This type of insurance is designed to protect property against these specific criminal acts, ensuring that policyholders are compensated for stolen items or damage caused by vandalism. It focuses directly on the perils associated with theft and related criminal activities, making it a vital coverage for individuals and businesses seeking to safeguard their assets against such risks.

While other forms of insurance, like homeowners insurance, may provide some coverage for theft or vandalism within the context of a residential property, they typically do not offer the same extent of coverage specifically focused on burglary and theft incidents alone. Liability insurance is primarily designed to protect against claims made by others for bodily injury or property damage, and life insurance is fundamentally different, providing financial protection for individuals’ beneficiaries upon their death. Thus, the specificity of Burglary and Theft Insurance makes it the most appropriate choice for covering losses specifically incurred from those acts.