Theft is defined as “the action or crime of stealing”. There are some preventive steps that may be taken to reduce the chance of theft to the property. Some of these steps include but not limited to installing an alarm system, or making sure that there is sufficient lighting around the property during the night. Some insurance companies may provide a discount in their rates for having the additional security at the property.

Most insurance policies are very specific about theft related damage. Theft claims may involve both structural and personal property damage. Proper documentation of dwelling and personal property is very important when filing the theft claim. Especially, if the incident is involving theft of personal property. The insurance company will require the policy holder to produce supporting information regarding the personal property that was stolen. The supporting information may be a photograph, receipt, invoice, an appraisal certificate or any other relevant document that is showing the existence of the stolen item and it’s price.

In case of theft claim, it is very important to file a report with the local police department. Most insurance companies may require a police report if a claim for theft was filed. The police departments can also assist the insurance companies to possibly recover the damages if the suspects are arrested. The theft claims mainly occur in areas with high crime rate.

If the insured or the insurance company do not agree on the theft loss amount, an appraisal clause may be invoked under the policy terms and conditions.

“Most standard policies contain an appraisal provision, which can be helpful in the event that you do not agree with your company on the amount of loss. Read your policy to see if it contains one. Under this provision, either of you can demand an appraisal. Each party selects a competent appraiser. The appraisers then select an umpire. If the appraisers cannot agree on the amount of loss, their differences are submitted to the umpire. An amount that any two agree upon is binding. Each party pays its appraiser; the umpire fee is shared.” Source:

A public adjuster may assist the policyholder in dealing with their insurance company and any other parties who are involved in the claims process and the repairs.

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