Burglary Insurance

Burglary insurance offers an extra layer of security for various thefts, burglary, housebreaking incidents to your property such as house, office, factory, godown etc. This plan provides coverage for damage(s) or loss(es) to your property and its contents, for the following situations:

  • Theft by forcible/ violent entry
  • Attempted theft or theft by a criminal on the said premises
  • Armed robbery or Hold-up.

Types of Burglary Insurance

Types of Burglary Insurance

There are three types of plans available:

  1. Full Value Insurance –The plan offers full value of the insured property.
  2. First Loss Insurance –In case of an improbability of total loss, it provides a policyholder to select a percentage of the stocks to be insured.
  3. Stock Declaration Insurance –This plan is ideal when a large number of stocks fluctuate frequently during a financial year. The sum assured is locked at the highest stock value that is anticipated by the policyholder.

Key Benefits of Burglary Insurance

Key Benefits of Burglary Insurance

Burglary policy provides financial support in case there is any loss/damage caused to your insured property. Here are the key benefits offered by an insurance plan.

  1. It safeguards your cash, expensive jewelry and valuables items stored in a locker (if any).
  2. It offers protection against any damage(s) caused to your property because of attempted or actual burglary or housebreaking.
  3. If you buy burglary insurance for your business premises, it covers the damage(s) caused to goods, furniture, and property within the premise of your business.
  4. Even if the sum assured is inadequate, the plan will still pay for the proportionate damage(s) or loss.
  5. Some insurance providers give you an option of extending your insurance plan to cover changing costs, lock strikes, riots, malicious damages, theft etc. so that you can enhance your insurance coverage after paying an extra-insurance premium.

Importance of Burglary Insurance

Importance of Burglary Insurance

We store valuable goods and documents at our home and office premise. If somebody steals that, we can’t do without it. The financial loss we will go through would add up to our woes.

There is an easy, convenient and hassle-free way to safeguard the security of your property. All you have to do is buy a burglary insurance plan.

Need of Burglary Insurance

Why do you need Burglary Insurance?

If somebody breaks into your house and steals your expensive jewelry, gems or stones, you will face a financial loss. If some outsider manages to enter your office premise and manages to steal your business plan or important data from your office, you’ll feel so helpless.

There is a surefire way to be immune from incurring such loses. To safeguard you from such losses and damages, burglary plans are formulated. It assures to provide you with financial support if you have to face tough times.

Burglary Insurance Inclusions

The Inclusions of Burglary Insurance

Mention below is the overview of your insurance coverage.

It provides coverage for loss/ damage to insured assets within the premise of insured, house or business due to:

1.Forced and violent entry.
2.Any theft attempt or theft by a person who’s hiding in an insured premise.
3.Armed robbery or hold-up.
4.The plan provides coverage for the caused damages to the insured’s premise as a result of theft or attempted break-in.
5.There’s a provision to cover bulk items on ‘first loss’ basis. It offers a percentage of total stored stock which is exposed to the housebreaking and burglary and risk. For that, the premium is charged on the basis of selected percentage only.


If your insurance needs aren’t fulfilled by these covers, you can buy additional covers.

Burglary Insurance Exclusions

The Exclusions of Burglary Insurance

Mention below is the overview of your insurance coverage.

1.Coverage for jewelry, precious gems, and stones, designs, plans, business books cash etc. unless it is insured.
2.Damage(s) or loss where an insured or his family member or staff was involved in the actual theft or caused any damage(s).
3.When the insured’s property is left uninhabited for seven or more days and nights in a row.
4.If material alterations to the insured premise are done that increases the risk.
5.If the rights of the assets have been transferred to another individual(s) from the insured by either will or operation of law.
6.Any damage(s) caused by a nuclear bomb, weapons, etc.
7.Any damage(s) resulting from war, the act of foreign enemy, invasion, etc.
8.Any damage(s) due to nationalization, confiscation etc by government authorities.
9.Any damage(s) due to any type of consequential loss.
10.Any damage(s) caused by strikes, civil, commotion, riots etc.


Burglary Insurance Claims
How to make a claim?

In case you have to file a claim, you have to follow the procedure mentioned below.

  1. The policyholder must intimate the nearest police station as well as the insurance provider. Within 14 days, he/she must register his claim regarding sustained losses or damages to the insurance provider.
  2. The policyholder should provide all the reasonable information, proofs and assistance regarding the claim process to the insurance provider.

Who Needs Burglary Insurance

Who needs Burglary Insurance?

The main purpose of buying burglary plans is to burglary-proof your insured premise. The incidents of house-breaking, theft etc. are spotted in the newspaper on a daily basis. It imposes a threat to the safety and security of your house/office/godown.

We live in such times where we can’t leave our house unattended for a long period of time. When we do, we are tensed about the security of our house. That’s why burglary insurance plans are very helpful.

Burglary Insurance Plan

These plans cater to the following people.

  1. Anybody who goes to his/her job, with nobody to take care of his/her house which leaves the house in an unattended state.
  2. Anybody who is an owner of a business corporation, with many people entering his/her business premise on a daily basis
  3. Anybody who owns a godown for the storage of the goods.

Having a burglary insurance plan helps you to stand on your feet and face the consequences with dignity.

Compare and buy Best Burglary Insurance

Compare and Find the Best Insurance Cover at PolicyBazaar

Incidences like burglary hinder the growth of a business by putting a financial burden. PolicyBazaar can help you in comparing and choosing the best burglary insurance to safeguard assets you value the most. Now you can enroll anytime, anywhere and get a customized plan as per your requirements.

We strongly recommend you to compare insurance plans of different companies. Every time you visit our website and make use of the free quotes and comparison services, you will get a better understanding of available products, thereby helping you to choose the best plan.