If you have commercial insurance or are looking into obtaining a policy, you may have many questions about how theft is applicable to your coverage. At Noveri Insurance Agency, serving the greater Houston, TX area, we would love to help answer any questions you have. Here are a few of the most frequently asked questions about theft and commercial insurance.
Does Commercial Insurance Cover Theft?
Commercial insurance does cover theft. This includes theft by employees, theft by a stranger in your store, or break-ins and robberies. All types of theft are covered under your commercial insurance policy.
Should I File a Claim for Theft?
If you were the victim of a theft, you may wonder if you should file an insurance claim if you have commercial insurance. Keeping in mind the amount of your deductible. For example, if an employee stole a few hundred dollars from a cash drawer, and your deductible is $1000, it makes no sense to file a claim. However, if your store was burglarized and the thieves made off with thousands of dollars in product, it makes sense to file a claim.
Do I Have to Report the Theft to the Police or Does the Insurance Company?
The insurance company does not work with the police department to report the crime or obtain evidence. You will need to file a police report with your local police department before filing an insurance claim. From there, you will need to cooperate with both the police department and the insurance department.
If you have any other questions about commercial insurance, or you are looking to obtain a quote on a new policy, give Noveri Insurance Agency, serving the greater Houston, TX area a call today. We can answer any questions you have and help you find the best policy for your needs.