Does Condo Insurance Cover Stolen Belongings?

At Familia Insurance Agency in Kissimmee, FL, we help clients protect their most valuable assets and possessions, including their condos. If you’ve ever had condo insurance, you’ll know that every condo insurance policy is different. Still, there are key similarities between policies in terms of coverage.

In the tragic event of a break-in, you might wonder if your condo insurance policy could help you cover the cost of replacing some of your most precious items. While specifics vary from one policy to another, we can answer this question generally.

Does Condo Insurance Cover Stolen Belongings?

When someone has invaded your condominium and stolen important items, the last thing you want to think about is how you’re going to pay to replace those items if they aren’t returned. Knowing what your condo insurance policy covers can give you some assurance and security. 

While your policy might have different terms, condo insurance policies generally include personal property protection to cover stolen items like large electronics, furniture, and other valuable items. The amount that the insurance might reimburse for these items depends on the limits and specific conditions of the policy, so it’s always good to ask your insurance agent about these terms before you end up in this challenging situation.

If an item was stolen off the premises of the condo, it’s unlikely that your insurance policy will cover that replacement expense. For example, you have a stereo that usually stays in your condo. If you took it with you on vacation and experienced theft at your hotel, you wouldn’t be able to cover replacing that stereo with your condo insurance.

For more information about our condo insurance policies at Familia Insurance Agency in Kissimmee, FL, call our office today!