08/21/2025
Interesting statistics
How a home burglary will affect your home insurance
A standard homeowners policy covers theft. If your home is burglarized and the contents of your living room are taken, your insurance company would reimburse you up to your personal property coverage limit — minus your deductible. A common amount of coverage is 10% of your total personal property coverage, or $1,000 — whichever is greater. For example, if you have $50,000 of personal property coverage on your homeowners' policy, your coverage off-premises limit would be $5,000.
On a standard home insurance policy, your dwelling coverage is insured for the replacement cost value but your personal property is insured for its actual cash value. Actual cash value factors depreciation into a claims payout. For example, an ACV payout on a TV will give the funds for what your stolen TV was worth when you bought it — not how much it takes to get a new TV now.
If you make a claim to recoup the cost of a stolen TV, then you will end up paying more for your insurance. Below is a look at how much a theft claim affects your insurance, in comparison to other common homeowner insurance claims.
