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Home Insurance Question from Morgan Hill, California

Asked on 7/6/2018.   This question has received 345 views.
Stolen large sum of cash   Does home insurance cover it? How do I go about Fula claim

Answer given on July 18, 2018


Homeowner insurance policies do provide a limited amount of coverage for cash that is stolen. You should review your insurance policy, under the property coverage portion and the limits for certain types of property.  Some insurance companies only provide $200 in cash, others provide up to $5,000.  

You will need to file a police report for this theft and provide as much information as possible. Also, if other items were taken, be sure to include them in the report to the police and the insurance company.  Your homeowner deductible will apply to this loss. If the policy limit for stolen cash is not high enough to cover your loss, or is only a few dollars over, you should not file a claim, since you could lose your "claim free" discount on the homeowner insurance. This can be a substantial savings, and not worth losing for a few dollars. 



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