My house was robbed how much does homeowners insurance normally cover?

Answer 1

You would have to check your policy .. There is usually a deductible, and depending on what all was stolen, and the value of these items.. First I hope you filed a police report , if your planning on filling an insurance claim. If the deductible is really high and the stuff that was taken is not worth, then you might want to rethink even filling. It is a strike against you and you premium could go up.. It also has a lot to do with the policy wording, like the replacement value.. Just get your policy in front of you and call your agent .... good luck

Answer 2

Okay, you have a lot of answers from people that have no idea what they are talking about.

1) Check you policy and find out if you have replacement cost coverage for your Coverage C items (contents).

2) Also check your policy to see what your deductible is.

3) Prepare an inventory of all of the items that were stolen, to include the approximate date purchased, the purchase price and what it would cost to replace the items now. Also include anything that was broken during the theft. Doors, windows, whatever.

4) If you haven't already, call the police and get the police report number. The insurance company will want a copy of the police report.

The insurance company will pay either the replacement cost (if you have replacement cost coverage) or the actual cash value (the depreciated amount) if you don't. Less your deductible.

Answer 3

IF YOU HAVE THEFT COVERAGE:

Damage to the entry, door or window, plus damage to contents during the theft, up to the coverage limit, less depreciation, less your deductible. If you have a replacement cost endorsement, after you've replaced the items, they'll pay you the difference between the original value and the cost to replace with like kind & quality.

HOWEVER. Some items have a "special" limit for theft coverage - which means, no matter how much you have, it only covers up to the limit. Check your policy to see what the limit is, I'll list common limits here - money, securities, gold boullion - $100. Jewelry & furs - $1,000. This isn't per item, this is TOTAL. Coin collections, stamp collections, etc, $200. Those are the common ones, it's been a long day and I'm blanking out on the rest. Sorry.

Answer 4

It depends on the type of policy you had. If your policy covers theft and you have replacement cost on it then your adjuster will first pay the actual cash value of the items that were stolen. Once you replace them and if you spent more than was given then you will get the difference. They have to be replaced with items of like kind and quality otherwise you won't get any additional amount and you have to prove you replaced them and how much you spent.

Answer 5

I'm sorry your house was robbed. That is horrible. I hope they get caught and you get to choose the punishment.

You policy has a maximum limit. Call your broker to find out what it is. More than likely, you are covered.

Answer 6

Depends if you had things appraised or not... If not, they will give you the depreciated value of items stolen, if so & they are on your homeowners insurance you should get full value back.

Answer 7

i agree with bearmeister im in insurance to but been doing it for about 2 years.Check your coverage c for personal property and find out how much coverage you had.But claims will follow the person and will stay there for 5 years and will also carry a surcharge so be careful.Hopefully i helped also

Answer 8

depends on how much insurance coverage you have for theft and what it would cost to replace the items, most insurance will not replace 100%

Answer 9

Check your policy. Most people get the HO-3 policy which is comprehensive.

Answer 10

You'll have to call your insurance company. It depends on what specifics are detailed into your policy.